Question

A house was valued at $323,000. Over several years, the value increased by 8%, giving the house a new value. (a) Fill in the blank to write the new value in terms of the old value. Write your answer as a decimal. New price=_____Xold value (b) Use your answer in part (a) to determine the new value. New value=$

Name: a house was valued at 323000 over several years the value increased by 8 giving the house a new value a fill in the blank to write the new value in terms of the old value write your answer as a decima
Uploaded: 2023-09-08T12:23:26-08:00
Duration: 1 min 41 s
Channel: Tim Thornhill
Description: a house was valued at 323000 over several years the value increased by 8 giving the house a new value a fill in the blank to write the new value in terms of the old value write your answer as a decima

          A house was valued at $323,000. Over several years, the value increased by 8%, giving the house a new value.
(a)	Fill in the blank to write the new value in terms of the old value.
Write your answer as a decimal.
New price=_____Xold value
(b)	Use your answer in part (a) to determine the new value.
New value=$

Added by Page M.

Calculus: Early Transcendentals

James Stewart 8th Edition

Instant Answer

Solved by Expert Tim Thornhill

09/08/2023

Step 1

As a decimal, 108% is 1.08. So, the new price is 1.08 times the old value. (b) Show more…

Show all steps

Thanks for your feedback!

A house was valued at $323,000. Over several years, the value increased by 8%, giving the house a new value. (a) Fill in the blank to write the new value in terms of the old value. Write your answer as a decimal. New price=_____Xold value (b) Use your answer in part (a) to determine the new value. New value=$