anonymous
  • anonymous
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
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
I am stuck here. I do not know what formula I should use!!!
mathstudent55
  • mathstudent55
Since there are 12 months in a year, you need to divide the annual rate by 12.
anonymous
  • anonymous
and after that? @mathstudent55

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anonymous
  • anonymous
that should be your answer
mathstudent55
  • mathstudent55
Just divide 10% by 12. What do you get?
anonymous
  • anonymous
ohhhh.... okay it makes sense

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