Tony purchases a house for $135,000. The value
of the house increases by 13% every year. Find
the value of the house after 27 years.

  $3,660,000

Step-by-step explanation:

The multiplier each year is (1 +r), where r is the rate of increase per year. Here, we are given r = 13%, so the multiplier is 1.13. Repeated multiplication is written using an exponent, so when we multiply by this value 27 times, we are multiplying by 1.13^27. The value after 27 years is about ...

  $135,000 · 1.13^27 ≈ $3,660,000 . . . . . rounded to the nearest 1000

$30.32

step-by-step explanation:

65.00*.12=2.80

65.00-2.80=57.20

57.20*1.06=60.632

60.632/2=30.316