Sally bought a house for $120,000.?

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Sally bought a house for $120,000.?

Sally bought a house for $120,000. Five years later she sold the house for $126,000. What is the percent of increase in the value of the house ?

a. 1.05%
b. 4.8%
c. 5%
d. 10%

2006-06-07 06:31:04 · 3 answers · asked by sierratireshop@sbcglobal.net 1 in Science & Mathematics ➔ Mathematics

3 answers

% increase = 126000-120000/120000 *100

= 6000*100/120000 = 5%

2006-06-07 06:37:58 · answer #1 · answered by ag_iitkgp 7 · 0⤊ 0⤋

The answer is "C," 5%.

[(126,000-120,000)/120,000]*100
(6,000/120,000)*100
0.05*100
5%

2006-06-07 13:52:27 · answer #2 · answered by bvroeg 2 · 0⤊ 0⤋

2006-06-07 13:34:05 · answer #3 · answered by kevin101904 4 · 0⤊ 0⤋