katelynpremo1 katelynpremo1

10-02-2024
Mathematics

contestada

the value of a home increases by 24% in three years how much did it increase in one year

Respuesta :

jsimpson11000 jsimpson11000

10-02-2024

Answer:

!!!!!!!!!!!!!!!

Step-by-step explanation:

Compounding formula

FV = PV (1+i)^n

1.24 = 1 ( 1 + i)^3

cubrt ( 1.24 ) = 1+i

1.074 = 1 + i

i = .074 or 7.4 %

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