Answer: $268,380
Step-by-step explanation:
So, we know the cost of a house raises by 6% every year. We have to find out the average cost of the house in 7 years.
First, let's find 6% of $189,000
$189,000 x 6/100 = $11 340
Now we know the houses raises $11,340 every year, we have to figure out the price of the house in 7 years.
Now, the current cost of the house is $189,00, all we have to do now is...
$11 340 x 7 = $79,380
$79,380 + $189,00 = 268,38 US$
In 7 years, the price of the house will be $268,380. Therefore, the answer is $268,380
I hope this helps!
