document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=38199>Question 38199</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A home was purchased for $120,000 in 2001.  After one year the home had appreciated 5%.  After one more year, the home had appreciated an additional 4%.  What was the value of the home after these two years, rounded to the nearest hundred dollars?<BR>\n" );
document.write( "A) $124,800		B) $126,000		C) $130,800		D) $131,000\r<BR>\n" );
document.write( "\n" );
document.write( ". A new car is marked down from $28,000 to $25,200.  What is the discount rate?<BR>\n" );
document.write( "A) 9%		B) 11%	C) 10%	D) 15% </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #23658 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=23658\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P = purchase price<BR>\n" );
document.write( "a = rate of appreciation<BR>\n" );
document.write( "V(1) = value after 1 year<BR>\n" );
document.write( "V(2) = value after 2 years<BR>\n" );
document.write( "The first year, a = 5%<BR>\n" );
document.write( "P = 120000<BR>\n" );
document.write( "V(1) = P + aP<BR>\n" );
document.write( "V(1) = 120000 + (.05)(120000)<BR>\n" );
document.write( "V(1) = 120000(1 + .05)<BR>\n" );
document.write( "V(1) = 126000<BR>\n" );
document.write( "V(2) = V(1) + aV(1)<BR>\n" );
document.write( "V(2) = 126000 + (.04)(126000)<BR>\n" );
document.write( "V(2) = 126000(1 + .04)<BR>\n" );
document.write( "V(2) = 131040<BR>\n" );
document.write( "the answere is (d) 131,000<BR>\n" );
document.write( "discount rate = (original price) - (discounted price) / (original price)<BR>\n" );
document.write( "28000 - 25200 = 2800<BR>\n" );
document.write( "2800 / 28000 = .10<BR>\n" );
document.write( "the answer is (c) 10% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );