juan bought a house for $200,000 and each year its value increases by $10,000. tia bought a house for 350,000 and its value is decreasing annually by $5000. When will the two homes be worth the same amount of money?

Question

Mathematics

Layne Mcmahon

9 July, 19:40

juan bought a house for $200,000 and each year its value increases by $10,000. tia bought a house for 350,000 and its value is decreasing annually by $5000. When will the two homes be worth the same amount of money?

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Answers (1)

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Gustavo Thomas · Answer 1

10 years later

Step-by-step explanation:

This is simple if you think about it. So, one is 5,000 which is half of the other, 10000. This means it changes at half the rate

Really, we have a change ratio of 2:1 if you get my meaning. One needs to change value twice as many times.

Anyway. This means that Tia's house needs the 1 because her house decreases at a smaller rate and Juan's house the w. If we divide the difference by 3 ...

350,000-200,000 = 150,000 / 3 =

1 share in our 'change ratio' is 50000

So, Tia's house needs to decrease by 50000. This is 10 * 5000, so 10 years

Juan's house needs to increase by 100000 this is 10 * 10000 so 10 years.

10 years later.

If you don't understand, this is quite complicated.