Question

A house has increased in value by 37%
since it was purchased. If the original value was
%720,000what is the value after the increase?

Answer 1

To find the value of the house after a 37% increase from the original value of $720,000, you can follow these steps:

1. Calculate the increase in value:
\[
\text{Increase} = 37\% \times 720,000 = 0.37 \times 720,000
\]

\[
\text{Increase} = 266,400
\]

2. Add the increase to the original value:
\[
\text{New Value} = \text{Original Value} + \text{Increase}
\]

\[
\text{New Value} = 720,000 + 266,400 = 986,400
\]

Therefore, the value of the house after the increase is **$986,400**.