A house had an original value of $80,000. After 2 years, the new value became $120,000. Find the ration, as a fraction in simplest form, of the increase in value to the original value.

Answer 1

I have the answer to the above question. I would like it to be explained in detail to me.

Answer 2

What answer do you have?

Answer 3

1/2 is the answer I have.

Answer 4

120,000 - 80,000 = 40,000

40,000/80,000 = 1/2

Answer 5

Thank you for helping me to understand the solution to the problem! Have a good evening!:)

Answer 6

You're welcome, Sandra. You have a great evening, too!