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OpenStudy (anonymous):
The value of Peter's house has risen 10% 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?
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OpenStudy (anonymous):
after one year value=100000+.01*100000=101,000 after two year value =101000+.01*101000=102,010 after 3 year value = 102010+.01*102010=$103030.1
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