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Carly bought a new house for $125,000. The value of the house appreciates approximately 3.5% each year. What will be the value of the house after 10 years?



Answer :

 
Start with the value of the house and multiply it by 0.035 which represents 3.5%

$125,000 * 0.035 = $4375

$4375 is approximately how much the house appreciates each year

Multiply $4375 by 10 years

$4375*10= $43,750  that is how must the house appreciates in ten years

Now add that to $125,000

$125,000 + $43,750 = $168,750 would be how much the house is worth in 10 years.

Answer:

176,324.85

Step-by-step explanation:

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