document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=38156>Question 38156</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" );
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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 #23929 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=23929\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A $120,000 home would be worth $126,000 after one year (a 5% increase).<BR>\n" );
document.write( "A $126,000 home would be worth $131,040 after the next year (a 4% increase).<BR>\n" );
document.write( "Choice D is best.<BR>\n" );
document.write( "A discount rate is [[old - new) / old] x 100%...so we have<BR>\n" );
document.write( "(28,000 - 25,200) / 28000 = 10%<BR>\n" );
document.write( "Choice C. </SPAN>\n" );
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