You purchased property 10 years ago for $15,000. Today that same property has a value of $27,000. What is the percentage change in the value of the proper? Use the New-Old equation/formula: x 100 to find the solution. Old O a) 80% O b) 44% c) 20% d) Not enough information is given to find a solution.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section: Chapter Questions
Problem 17CLR
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**Question 10 (10 points)**

You purchased a property 10 years ago for $15,000. Today, that same property has a value of $27,000.

What is the percentage change in the value of the property? Use the equation/formula: 

\[
\frac{\text{New} - \text{Old}}{\text{Old}} \times 100
\]

to find the solution.

- a) 80%
- b) 44%
- c) 20%
- d) Not enough information is given to find a solution.
Transcribed Image Text:**Question 10 (10 points)** You purchased a property 10 years ago for $15,000. Today, that same property has a value of $27,000. What is the percentage change in the value of the property? Use the equation/formula: \[ \frac{\text{New} - \text{Old}}{\text{Old}} \times 100 \] to find the solution. - a) 80% - b) 44% - c) 20% - d) Not enough information is given to find a solution.
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