Ask Question
1 April, 12:10

in 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. what is the approximate value of a home in 1993?

+3
Answers (1)
  1. 1 April, 13:54
    0
    value of home in 1991 = 105% of 170000

    value of home in 1992 = 105%*105% of 170000

    value of home in 1993 = 105%*105%*105% of 170000

    =$196,796.25
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “in 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. what is the approximate value of a home in 1993? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers