A house on the market was valued at $249,000. After several years, the value Increased by 7%. By how much did the house's value increase in dollars? What is the current value of the house? Increase in value: Current house value:

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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### Linear Equations: Finding the Final Amount Given the Original Amount and a Percent Increase

**Problem Statement:**

A house on the market was valued at $249,000. After several years, the value increased by 7%. By how much did the house’s value increase in dollars? What is the current value of the house?

**Interactive Inputs:**
- **Increase in value:** $ ______
- **Current house value:** $ ______

**User Interface:**

Under the input fields, there are buttons for:
- Submitting the answer (Check)
- Viewing an explanation (Explanation)
- Resetting the inputs

© 2021 McGraw-Hill Education. All Rights Reserved. 

**Additional Functionalities:**

- Open menu icon on the top left for more options.
- User account options on the top right.
- Accessible options for assistance on the problem, terms of use, and privacy policy links at the bottom right.
- "Sign out" button at the bottom right.

**Explanation:**
The student is asked to calculate the increase in the house's value using the original valuation and the percentage increase. Then, they need to find the current house value by adding the increase to the original value.
Transcribed Image Text:### Linear Equations: Finding the Final Amount Given the Original Amount and a Percent Increase **Problem Statement:** A house on the market was valued at $249,000. After several years, the value increased by 7%. By how much did the house’s value increase in dollars? What is the current value of the house? **Interactive Inputs:** - **Increase in value:** $ ______ - **Current house value:** $ ______ **User Interface:** Under the input fields, there are buttons for: - Submitting the answer (Check) - Viewing an explanation (Explanation) - Resetting the inputs © 2021 McGraw-Hill Education. All Rights Reserved. **Additional Functionalities:** - Open menu icon on the top left for more options. - User account options on the top right. - Accessible options for assistance on the problem, terms of use, and privacy policy links at the bottom right. - "Sign out" button at the bottom right. **Explanation:** The student is asked to calculate the increase in the house's value using the original valuation and the percentage increase. Then, they need to find the current house value by adding the increase to the original value.
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