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06-03-2017
Mathematics

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The value of Peter's house has risen 10% a year for the last 3 years. If the value of Peter's home 3 years ago was $100,000.00, what is the value now?

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rarrininger rarrininger

06-03-2017

First year $100,000.00 x 10% = 10,000+ 100,000= $110,000
Second year $110,000 x 10% = 11,000 + 110,000= $121,000
Third Year $121,000 x 10% = 12,100 + 121,000= $133,100
The value is $133,100

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