JerrettS594445 JerrettS594445
  • 03-11-2022
  • Mathematics
contestada

A house increase value by 32% since it was purchased. If the current value is $495,000, what is the value when it was purchased?

Respuesta :

RamziM94660 RamziM94660
  • 03-11-2022

Answer:

$375,000.

Explanation:

Let the value of the house when it was purchased = x

If its value increases by 32%, then its current value will be:

[tex]x+(32\%\text{ of x)}[/tex]

Since we are told that the current value is $495,000, then:

[tex]x+(32\%\text{ of x)=495,000}[/tex]

We solve for x.

[tex]\begin{gathered} x+0.32x=495,000 \\ 1.32x=495,000 \\ x=\frac{495,000}{1.32} \\ x=\$375,000 \end{gathered}[/tex]

The value of the house when it was purchased was $375,000.

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