A family’s home is currently worth 1448202,which is 45% higher than the home was worth when they bought it.what was the value of the home when they bought it?

Answer 1

Let x be the value of the home when they bought it.

The current value of the home is 45% higher than the value when they bought it, so we can write the equation:

x + 0.45x = 1448202

Simplifying, we get:

1.45x = 1448202

Dividing both sides by 1.45, we get:

x = 1448202 / 1.45
x = 999448

So, the value of the home when they bought it was $999448.