AboutJohn Zalewski Expertise I can help you solve problems involving fractions, decimals, ratios, and algebra. I can teach you how to do math faster, and even in your head. I can teach math definitions, and help you study, if necessary. Please do not ask any graphing, trigonometry, or calculus questions. Try to work through homework questions before asking for assistance.
Experience I routinely process numbers of all kinds in my head, without need of a calculator.
Education/Credentials I was an A math student while in high school.
Question The value of a house at the end of 8 years was $189,000.What was original cost to the nearest $100.00 if it appreciated at he rate of 6% per year or original cost?
In the solution they had: 6% per year x 8= 48% appreciation for 8 years. Therefore $189,000 represents 148% or 1.48. How did they get this 148%
Answer Hello, Lynn.
I am sorry for taking so long to respond.
We know that this particular house appreciates over eight years. By definition, appreciation means that the house increases in value. If its value stayed the same (highly unlikely), it would remain at 100% of its original value. Therefore, its price would stay the same.
Since this house appreciates 6% per year for eight years, the total appreciation has to be 48%, or 148% total.
To figure out the original price, divide 189,000 by 148% (1.48).
