Respuesta :
The formula's a=v(1+r)^y
So: a=135700(1+5%)^4
Which the outcome is: 164,944
So: a=135700(1+5%)^4
Which the outcome is: 164,944
Answer:
Therefore, The house will worth $164944.20 in 4 years
Step-by-step explanation:
Cost price of the house at the time of buying = $135700
Now, The price will appreciate at a rate of five percent per year
So, we need to find the total cost after 4 years
The formula to find the appreciated amount after 4 years is given by :
[tex]A=P(1+rate)^{Time}[/tex]
[tex]A=135700(1+0.05)^4[/tex]
[tex]A=135700\times 1.22[/tex]
[tex]Amount=\$164944.20[/tex]
Therefore, The house will worth $164944.20 in 4 years
