7
QuizMultiple Choice

Real Estate Investments

Question 7 • Financial Math A

Roger’s home originally cost him $165,000. For the first six years he lived there, his house grew in value at a rate of 1.6% per year. After that, his property value increased by 3.9% per year for the next eight years. To the nearest hundred dollars, how much had Roger’s home increased in value after fourteen years?a.$76,200b.$75,600c.$81,500d.$56,400

Answer
A
A
B
B
C
C
D
D
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