thomasbarbusca15
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Real estate values in a town are increasing at a rate of 9% per year.

Mr. Townsend purchased a building for $375,000 in 2010.

How much can he expect to sell the building for in 2020, assuming this trend continues?



Enter your answer in the box.

Round to the nearest whole dollar.

Respuesta :

SonOfZeus

Answer:

$887,761.38

Step-by-step explanation:

The principal amount the home is valued is $375,000 and it increases at a rate of 9% a year which is 0.09 and the amount of time it grew is 10 years. Therefore:

[tex]A_{final}=375000(1+0.09)^{10}=375000(1.09)^{10}=887761.38[/tex]

After 10 years the house is worth $887,761.38 if this trend continues

Answer:

$887,761.38

i know this i s the answer because i had a quiz.

PLz mark brainlest


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