A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month and select the correct answer below.

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A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month and select the correct answer below.

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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0.00797%
is the answer. medal plz
How do you know? Can you show your work and I will medal/fan

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Other answers:

@OregonDuck please don't just give the answer. Explanations are what really helps the questioner.
ok sorry :( @welshfella
:) Alright, what do I do?
anyone? How did you get your answer @OregonDuck
take 10% and divide it by 12
0.00833333333
it all depends if the interested is compounded each month If its not compounded then 0.00833 is the answer . If it is compounded its 0.00797
It doesn't say compounded, so I'm assuming it's not.
* growth not interest
Ok, so 0regon was right? :)
yes i on balance i would take his answer.
Yay! Can I ask another?
you can but i have to go
ok. Solve 4^(2x) = 7^(x−1).
thxs for the medal
try this type the equation at the bottom of the page: http://www.algebrahelp.com/calculators/equation/calc.do?equation=x+%2B+3+%2B+x+%2B+4+%3D+x+%2B+7+%2B+2x+%2B+7

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