SOLUTION: The value of Peter's house has risen 10% a year for the last 3 years. If the value of Peter's home 3 years ago was $110,000.00, what is the value now?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: The value of Peter's house has risen 10% a year for the last 3 years. If the value of Peter's home 3 years ago was $110,000.00, what is the value now?      Log On


   

Question 1057712: The value of Peter's house has risen 10% a year for the last 3 years. If the value of Peter's home 3 years ago was $110,000.00, what is the value now?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +V+ = the current value of the house
+V+=+110000%2A%28+1+%2B+.1+%29%5E3+
+V+=+110000%2A1.1%5E3+
+V+=+1.331%2A110000+
+V+=+146410+
The current value of the house is $146,410