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A house was bought for $450 000 and 3 years later was valued at $540 000. Find: a. The new value as a percentage of the old value b. The increase in value over the three year period c. The increase in value as a percentage of the original value

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Answer:

A) The percentage is given by (The new value)/(The old value)*100 = 120%

B) The increase in value is $90000

C) The increase as a percentage is (90000/450000)*100=20%

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