A family house was bought for $48 000 twelve years ago. It is now
valued at $120 000. What is the average annual increase in the value
of the house?
Please help please
Answers
Answered by
8
Answer:
Cost of family house 12 years ago = $48,000
Cost of family house now = $120,000
Increase of cost of house = 120,000 - 48000
= $72,000
average annual increase of the house
= 72,000÷12
= $6000 Ans
If , I am wrong then comment me. I will definitely correct it.
Similar questions