Question

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

0.00797%

Answer 2

is the answer. medal plz

Answer 3

How do you know? Can you show your work and I will medal/fan

Answer 4

@OregonDuck please don't just give the answer. Explanations are what really helps the questioner.

Answer 5

ok sorry :( @welshfella

Answer 6

:) Alright, what do I do?

Answer 7

anyone? How did you get your answer @OregonDuck

Answer 8

take 10% and divide it by 12

Answer 9

0.00833333333

Answer 10

it all depends if the interested is compounded each month If its not compounded then 0.00833 is the answer . If it is compounded its 0.00797

Answer 11

It doesn't say compounded, so I'm assuming it's not.

Answer 12

* growth not interest

Answer 13

Ok, so 0regon was right? :)

Answer 14

yes i on balance i would take his answer.

Answer 15

Yay! Can I ask another?

Answer 16

you can but i have to go

Answer 17

ok. Solve 4^(2x) = 7^(x−1).

Answer 18

thxs for the medal

Answer 19

try this type the equation at the bottom of the page:
http://www.algebrahelp.com/calculators/equation/calc.do?equation=x+%2B+3+%2B+x+%2B+4+%3D+x+%2B+7+%2B+2x+%2B+7