Question

4. The value of Peter's house has risen 30% a year for the last 3 years. If the value of Peter's home 3 years ago was $100,000, what is the value now?

A.$130,000
B.$169,000
C.$219,700
D.$190,000

Answer 1

It depends whether it raises relative to what it *is*, or what the base cost is.

Answer 2

WHAT DOES THAT MEAN

Answer 3

I GOT IT

Answer 4

It means does the value raise by 30% of what its current value is in the given year, or does it raise by 30% of the original value?
If it it raises 30% of its current value every year, then it would be $219,700 after 3 years.
Otherwise, $190,000.

Answer 5

OK