Question

A house on the market was valued at $335,000 . after several years, the value increased by 17%. by how much did the houses value increase in dollars? what is the current value of the house?questions to answer: increase in value ( )current house value ( )

Answer 1

We are given that a house increases its value by 17%. To determine the value it increased we need to multiply by 17/100, like this:

$335000\times\frac{17}{100}=56950$

To determine the current value we add the amount it increased to the original price:

$335000+56950=391950$

Therefore, we have

Increase value: $56950

current value: $391950