In hot markets, houses tend to appreciate about 8% each year. if you bought a house for $250,000 and then sold it 5 years later, how much profit would you expect to make (round to the nearest dollar)?

$117,322

Step-by-step explanation:

y=250000(1.08)^x

5=x

y=250000(1.08)^5

don't forget to subtract 250,000!!

y=367,332.0192-250000

y=$117,322 rounded to the nearest dollar

:)

ad = ae + ed = y + 7

similar triangles therefor

ac/ab = ad/ae

6/4 = (y + 7) / y

cross multiply

6y = 4(y + 7)

6y = 4y + 28

2y = 28

y = 14

step-by-step explanation:

answer:

step-by-step explanation: