A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. What is the rate of growth each month? select the correct answer below.

A) 0.797%

B) 0.00797%

C) 0.833%

D) 0.00833%

Question

Josue Allison

24 September, 04:13

+3

Answers (1)

Know the Answer?

Kasen · Answer 1

10%

12 months per year so

10/12=5/6=0.833333333

C is answer

A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. What is the rate of growth each month? select the correct answer below.A) 0.797%B) 0.00797%C) 0.833%D) 0.00833%