Question

A house was originally worth $95,000 but increased in value to $110,000 after 5 years. What is the ratio of the amount by which the house's value was increased to the house's original value 5 years earlier?

Answer 1

alright so write down your givens first. P1 = 95000 , P2= 110,000 for ratios, you want price of the house now compared to the house earlier

so 110,000/95,000

Answer 2

this will give you 115.8 % this tells you that 110,000 is 100% of the earlier house + 15.8 %