Question

What would the formula be for this ?
A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month and select the correct answer below.

Answer 1

could i see the options pls

Answer 2

0.797%
0.00797%
0.833%
0.00833%

Answer 3

so how many months are there in a year?

Answer 4

hello?

Answer 5

there are 12

Answer 6

so just take 10%/12

Answer 7

I get .00833333

Answer 8

its 0.833

Answer 9

so C

Answer 10

I submitted it and it said it was wrong but thanks anyways

Answer 11

wait really?! oh sorry

Answer 12

wait u marked c not d right?

Answer 13

yeah i marked c because before i marked d ._.