Question

In hot markets, houses tend to appreciate about 8% each year. If you bought a house for $250,000 and then sold it 5 years later, how much profit would you expect to make (round to the nearest dollar)?

Answer 1

to increase a number by \(8\%\) multiply it by \(100\%+8\%=108\%=1.08\)

Answer 2

to do it 5 times in a row, multiply by \((1.08)^5\)

Answer 3

with a calculator, compute
\[250,000\times (1.08)^5\]

Answer 4

I think u have to do the math duuh..algerbra..as a script duhh...easy things bye ur welcome