Math

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A home that was purchased for 125,000 increased in value by 14% over a 3 year period. What was it's value at the end of that period?

  • Math -

    125,000 * 1.14 = ?

  • Math -

    142,000...thanks. So, please correct me. If the way to converte percent to decimal is to divide by 100, how did you come up with 1.14 instead of 0.14

    I think im just doing way to many decimals and my brain is fried :-)

  • Math -

    We can never do "too many decimals." Think of money! <g>

    Please run that through your calculator again. Mine says $142,500.

    Since you want to know the house's total value after 3 years, you actually are looking for 114% of its current value.

    114% = 1.14

    You can do it the long way --

    0.14 * 125,000 = 17,500
    125,000 + 17,500 = 142,500

  • Math -

    Thanks

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