Math
posted by Sandra Aged College Student on .
A house had an original value of $80,000. After 2 years, the new value became $120,000. Find the ration, as a fraction in simplest form, of the increase in value to the original value.

I have the answer to the above question. I would like it to be explained in detail to me.

What answer do you have?

1/2 is the answer I have.

120,000  80,000 = 40,000
40,000/80,000 = 1/2 
Thank you for helping me to understand the solution to the problem! Have a good evening!:)

You're welcome, Sandra. You have a great evening, too!