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8 May, 12:10

Andrew buys a house for $65,000, and the value of the house increases at a rate of 2% per year. How much will the house be worth in 8 years? Round to the nearest dollar.

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  1. 8 May, 12:16
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    I = PRT / 100

    I = 65000*8*2 / 100

    I = 10400

    total money = 10400 + 65000

    = $75400

    = $75000 (nearest dollar)
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