During the recent recession, Bob's home value dropped to only $175,000. Since then the economy has turned around and the market is improving at a rate of 4.5% annually. At this rate, how much will Bob's home be worth 12 years after the market started improving? And what equation did you use?

Bob's home will worth $296,779.25 after 12 years.

Equation used is

Step-by-step explanation:

Current value of Bob's house =

market is improving at 4.5% annually.

This, means that the value of house gets appreciated by 4.5% each year from its previous year value.

This is a problem of compound interest formula

where PV is the present value of any thing

FV is the future value

r is the annual rate of interest

t is the time in number of year for which rate is applicable.

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Given

PV = $175,000.

r = 4.5%

t = 12 years

Value after 12 year will be given by

Thus, Bob's home will worth $296,779.25 after 12 years.

Equation used is

answer: 4/6 =5/7.5

step-by-step explanation: it is based on scale and the scale between the two is 1.25. the answer is correct but i dont know if i explained it right

hey there!

if she's saving for six months, let's divide the total number we need for the trip by six, dividing it into the amount that needs to be saved for each month.

500 ÷ 6 =

she needs to save at least this amount each month, so we should use this symbol: ≥

let x be the amount she saves each month.

your final answer is x ≥

hope this !