Question

A house purchased last year for $160,000 is now worth $192,000. Assuming that the house's value continues to appreciate at the same rate each year, what is the value of the house 2 years from now?

Answer 1

Hi,


$192000 - 160000 = 32000 \\ 192000 + (2 \times 32000) = 256000$

Value of house in 2 years will be 256000$

Hope this helps.
r3t40

Answer 2

Answer:

Step-by-step explanation:

$192,000/$160,000=(1.2)

$192,000 x 1.2=$230,400 year 1

$230,400 x 1.2=$276,480 year 2

Correct answer is $276,480.00.