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OpenStudy (anonymous):
The value of Peter's house has risen 20% a year for the last 3 years. If the value of Peter's home 3 years ago was $90,000, what is the value now?
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hero (hero):
90,000 + 20% of 90,000 = new value 90,000 + .2(90,000) = new value 90,000 + 18,000 = 108,000
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