Joseph paid $105,000 for his home twenty years ago. since then, his house has increased its property value by 2.0% every year. in addition, joseph has made renovations and improvements to the house which will increase its sale value by $28,700. if joseph sells his home, how much profit will he make, to the nearest hundred dollars?

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Mathematics

13 May, 02:19

Joseph paid $105,000 for his home twenty years ago. since then, his house has increased its property value by 2.0% every year. in addition, joseph has made renovations and improvements to the house which will increase its sale value by $28,700. if joseph sells his home, how much profit will he make, to the nearest hundred dollars?

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Draven Patel · Answer 1

The answer to this question is 2,548,700$. To get the answer to the problem just multiply 105,000$ to 0.2 and you will get 21,000$ then add 105,000$ and 21,000$ then multiply to 20 and add the expenses for the renovation which is 28,700$. And you will get the sale value of the house.