The smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate at most 4% a year, how much will the apartment be worth in 3 years

Question

Ronin Haas

Mathematics

2 December, 02:02

The smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate at most 4% a year, how much will the apartment be worth in 3 years

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Elian Allen · Answer 1

The simplest way to do it would be to multiply 4 and 3 (because it is 4% per year and they want it for 3 years) and then use that number (12%) and make it a decimal (move two spaces left,.12) and multiply it by the total number. (.12*75000) That should be equal to 9000 which is your answer.