In 2008 a house is worth $350 000. The value of this house increased by 12% during the year of 2007.
What was the value of the house at the beginning of 2007?

The value of 2008 is 112% of the Value of 2007.

But we need 100% of the year of 2007.

So 350000/112=3125=>1%

3125*100=312500=>100%

The answer is $312500

The value of 2008 is 112% of the Value of 2007.

But we need 100% of the year of 2007.

So 350000 / 112 = 3125 => 1%

3125 * 100 = 312500 => 100%

Value of the house was $312500 at the begining

of 2007.

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