A house was valued at $115,000 in the year 1992. The value appreciated to $150,000 by the year 2000. A) What was the annual

Question

A house was valued at $115,000 in the year 1992. The value appreciated to $150,000 by the year 2000.
A) What was the annual growth rate between 1992 and 2000?
Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the
year 2003?

Kunduz · Accepted Answer

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