Question

A house on the market was valued at $478,000. After several years, the value increased by 8%. By how much did the house's value increase in dollars? What is
the current value of the house?

Answer 1

Answer:

• $38240 increase
• $516240 current value

Step-by-step explanation:

Initial value of house is $478000

Change in value is 8% greater:

• 478000 + 8% =
• 478000 + 8*478000/100 =
• 478000 + 38240 =
• 516240

Answer 2

We need 8% of Value

$\\ \sf\longmapsto 8\%\:of\;478000$

$\\ \sf\longmapsto 0.08(478000)$

$\\ \sf\longmapsto 38240$

Current value:-

$\\ \sf\longmapsto 478000+38240=516240$