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7 March, 08:01

The Mendes family bought a new house 8 years ago for $129,000. The house is now worth $186,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)

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  1. 7 March, 08:54
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    7,125 divided by 57000 = 1.25

    rounded to 1.3%
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