SOLUTION: Housing prices have been rising by 6% per year. A house now costs $150,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.)

SOLUTION: Housing prices have been rising by 6% per year. A house now costs $150,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.)

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Question 881742: Housing prices have been rising by 6% per year. A house now costs $150,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.)

Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
x*1.06^10=150000
x*1.79084769654285362176=150000
x=83759.22
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