Question

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

Answer 1

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.