The house on the market was valued at $315,000. After several years the value increased by 9%. How much did the house is value increase in dollars? What is the current value of the house?

Respuesta :

Answer: the current value of the house is $343350

Step-by-step explanation:

The initial value of the house on the market was $315,000.

After several years the value increased by 9%. This means that the amount by which the value of the house increased over the years would be

9/100 × 315000 = 0.09 × 315000 = $28350

The current value of the house would be the sum of the previous value of the house and the increase in value. It becomes

315000 + 28350 = $343350