You purchase a home for $125,000. the value of the property increases by 1.9% every year. after ten years, you decide to sell the home. in the meantime, you have made renovations and improvements to the house which increase its sale value by $48,300. how much will you sell the house for, to the nearest hundred dollars?

We can use the formula:

F = P · ( 1 + i )^n

where: P = $125,000, i = 0.019 ( 1.9 %), n = 10

F = $125,000 · ( 1 + 0.019 )^10

F = $125,000 · 1.019^10

F = $125,000 · 1.207096

F = $150,887

And we have to add $48,3000 ( for renovations and improvements )

$150,887 + $48,300 = $199,187 ≈ $199,200

You will be sell the house for $199,200.

done... Thanks for the points ;)

Step-by-step explanation: