A house worth \$65,000 when bought has an value increase rate of 2%. How much will the house be worth in 8 years?
Question
Updated 115 days ago|7/31/2020 2:35:37 PM
This conversation has been flagged as incorrect.
Flagged by marie2061 [7/31/2020 2:35:37 PM]
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Original conversation
User: A house worth \$65,000 when bought has an value increase rate of 2%. How much will the house be worth in 8 years?

Weegy: \$2600000 is the worth within 8 years

Question
Updated 115 days ago|7/31/2020 2:35:37 PM
This conversation has been flagged as incorrect.
Flagged by marie2061 [7/31/2020 2:35:37 PM]
Rating
8
Use compound growth formula.
Let: V = house worth in 8 years
V = P(1 + r)^n
P = \$65,000
r = 2% = 0.02
n = 8 years
V = \$65000(1 + 0.02)^8
V = \$65000(1.02)^8
V = \$76157.86
Added 115 days ago|7/31/2020 2:35:23 PM

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