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5 June, 05:18

Suppose you inherited a house that was purchased in 1950 for 20,000. It is now 2015 and the value of the house has increased by approximately 5% each year what is the house worth now round to the nearest dollar

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  1. 5 June, 06:38
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    I think the house would now costs $85,000

    Step-by-step explanation:

    First, I multiplied by how many years between 1950 to 2015 and 5 to get 325.

    Next, I divided 20,000 by 100 to get 200 to find 1% of 20,000.

    Then, I multiplied 325 by 200 to get 65,000

    Finally, I added 20,000 to 65,000 to get 85,000

    So, I guess/answer is $85,000

    If I was wrong, then just say, "Sorry, but that was incorrect."
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