Answer:
The house value increase by $17,040 in dollar terms
The current value of the house $ 230,040
Step-by-step explanation:
The increase in value of the house can be determined as the difference between the value of the house now after 8% increase in value and the earlier value of $213,000
new value=earlier value *(1+% increase in value)
% increase in value is 8%
new value=$213,000*(1+8%)
=$213,000*1.08=$230,040.00
increase in value= $230,040-$213,000=$17,040
The increase in value of the house of 8% translated into a dollar value of $17,040
