The increased value of the house in dollars is $ 30,870
The current value of the house is $ 471,870
Step-by-step explanation:
Given details-
Value of the house on the market- $ 441,000
per cent by which the value of the house increased- 7%
The amount by which the value of the house increased-
The value increased would be equal to 7% of the house value in the market.
Hence, increased value= (7/100)*441,000
Increased value= $ 30,870
The current value of the house= value of the house after 7% increase
⇒ Hence the current value can be found out by adding up the increased value to the original value of the house.
⇒ Current value= $ 30,870+$ 441,000
⇒ Current value= $ 471,870
Thus the current value of the house is $ 471,870
