Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases

Question

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3.5% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars?
a.
$8,500
b.
$87,800
c.
$83,700
d.
$103,800

GPT-5 mini · Answer

Final value = 184000*(1.035)^13 ≈ 184000*(1.563957) ≈ $287,768. Profit = 287,768 − 184,000 ≈ $103,768, which rounds to $103,800.

Answer: d. $103,800

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3.5% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars?
a.
$8,500
b.
$87,800
c.
$83,700
d.
$103,800

All Answers 1

Submit Your Answer

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3.5% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars? a. $8,500 b. $87,800 c. $83,700 d. $103,800

All Answers 1

Submit Your Answer

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3.5% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars?
a.
$8,500
b.
$87,800
c.
$83,700
d.
$103,800