SOLUTION: The cost of building a house increases 26 percent every year. If it costs $93,000 to build a house this year, what would it cost to build a house next year? I have the answer on

Question 32657: The cost of building a house increases 26 percent every year. If it costs $93,000 to build a house this year, what would it cost to build a house next year?
I have the answer on the back of my worksheet, I just can't figure out how to get it. I tried to work it out three times and I keep getting it wrong. The answer is $117,180 but every time I try I get it wrong.
Answer by mukhopadhyay(490) (Show Source): You can put this solution on YOUR website!
The cost will be 100% of $93,000 + 26% of $93,000 = 126% of $93,000
= (1.26)(93,000) = $117,180
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