contestada

Assume that in January 2013, the average house price in a particular area was $281,400. In January 2000, the average price was $198,300. What was the annual increase in selling price?

Respuesta :

TomShelby

Answer:

The annual increase is

$6392.61

Explanation:

We need to calculate the total increase and then divide by the number of years

It is asking for nominal amount so we are not going to use any rate.

[tex] \frac{current \: value - previous \: value}{current \: year - previous \: year} = annual \: increase[/tex]

281400-198300= 83100 total increase

t2013 - 2000 = 13 time

83100/13=6392.61 annual increase

Otras preguntas