Question

A certain lot appreciates every five years by 81,000.00. If the lot cost 900,000.00 in 1995, how much will its value be in 2025?

Answer 1

Step-by-step explanation:

24300000

6 terms of 5 years i.e 30 times the original cost

Answer 2

Given:

The lot appreciates every 5 years by 81000.00

cost of the lot in 1995$=900000.00$

To find: cost of the lot in 2025/

Solution:

Find the total time.

$2025-1995=30$ years

Know that from the question the lot appreciates every 5 years.

Find the number of times the value of the lot appreciates.

$\[30 \div 5 = 6\]$ times

Therefore,

Total increase in value since 1995 is,

$\[81000.00 \times 6 = 486000.00\]$

Find the value of the lot in 2025.

$900000.00+486000.00=1386000.00$

Hence, the value of the lot in 2025 will be $1386000.00$.