SOLUTION: A piece of rural land sold 10 years ago for $40,000. The price for the same piece of land this year costs $800 more per acre, and it sold for $60,000. What is the size of the piece
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Question 252816: A piece of rural land sold 10 years ago for $40,000. The price for the same piece of land this year costs $800 more per acre, and it sold for $60,000. What is the size of the piece of land in acres? Explain how you got this answer.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
60000/(x+800)=40000/x
=1600 cost per acre 10 years ago
cost per acre now over cost per acre 10 years ago
so we need to find cost per acre and total cost by per acre cost to get acreage.
40000/1600=25acres
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