Question

Lesson 2 Practice Problems
1. In 1990, the value of a home is $170,000. Since then, its value has increased 5% per
year.
a. What is the approximate value of the home in the year 1993?

Answer 1

Answer:

$3,400,000

Step-by-step explanation:

170,000/ 5% for the increase

170,000/ 5% = $3,400,000