a house on the market was valued at $229,000. after several years, the value increased by 9%. by how much…

a house on the market was valued at $229,000. after several years, the value increased by 9%. by how much did the houses value increase in dollars? what is the current value of the house? increase in value: $ current house value: $

a house on the market was valued at $229,000. after several years, the value increased by 9%. by how much did the houses value increase in dollars? what is the current value of the house? increase in value: $ current house value: $

Answer

Explanation:

Step1: Calculate the value increase

The formula for percentage - increase is $Value\ increase=Original\ value\times Percentage\ increase$. Here, the original value of the house is $$229,000$ and the percentage increase is $9%$ or $0.09$ in decimal form. So, $Value\ increase = 229000\times0.09$. $229000\times0.09 = 20610$

Step2: Calculate the current value

The current value of the house is the sum of the original value and the value increase. So, $Current\ value=Original\ value + Value\ increase$. $Current\ value=229000 + 20610=249610$

Answer:

Increase in value: $$20610$ Current house value: $$249610$