Question

The Mendes family bought a new house 10 years ago for $120,000. The house is now worth $191,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)

Answer 1

the rate of variation of any two figures is
\[ \large \frac{P_1-P_0}{P_0} \]
try this

Answer 2

i never used that

Answer 3

in your case P0=? and P1=?

Answer 4

im lost

Answer 5

P0 is the initial value and P1 is the final value

Answer 6

so?