Math

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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.

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

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    What answer do you have?

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    1/2 is the answer I have.

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    120,000 - 80,000 = 40,000

    40,000/80,000 = 1/2

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    Thank you for helping me to understand the solution to the problem! Have a good evening!:)

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

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