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9 April, 13:25

A house on the market was valued at $477,000. After several years, the value increased by 7%. By how much did the house's value increase in dollars? What is the current value of the house?

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  1. 9 April, 15:43
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    Percentage is represented by division into 100.

    7/100 =.07

    $477,000 x. 07 = $33,390 increase

    $477,000 x 1.07 = $510,390 current value.
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