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The Greens bought a condominium for $110,000 in 2010. If its value appreciates at an average rate of 6% per year, what will the value be in 2015?

Sagot :

Abrehman2040idn

Answer:

Value in 2015 will be $ 143,000

Step-by-step explanation:

Data :

Value in 2010 = $ 110000

Increase rate = 6%

6% of  110000  =  (11000×6)÷100 =  6600

6600 × 5 = 33000

So add up    

   110000 + 33000 = 143,000

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