Question 680129: The value of your house is rising by 15% per year. If it is worth $201,434 today,what will it be worth in three years
Answer by Alan3354(69443)   (Show Source):
You can put this solution on YOUR website! The value of your house is rising by 15% per year. If it is worth $201,434 today,what will it be worth in three years
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Next year, it will be worth 1.15 times what it is now.
Then, 1.15 times that, etc
--> Worth now * 1.15^t, t = # of years
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