Arya paid $75,000 for her house. its property value increased by 2.2% per year. when arya sold her
house after eleven years, how much was it worth, to the nearest hundred dollars?
ckboard
mic
a
$133,700
b. o
$95,400
e skills
mic
c.
$95,300
d. o
$93, 100
stiny
offi
uity -
me
onel
d
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C

Step-by-step explanation:

This is a compound growth problem which is governed by the formula shown below:

Where

F is the future amount (we want to find this)

P is the present amount (which is 75,000)

r is the rate of increase, in decimal (this is 2.2% or 2.2/100 = 0.022)

t is the time in years (which is 11 years)

Substituting the known values, we find F, the amount it is worth after 11 years:

Rounding to nearest hundred, that will be $95,300

Answer choice C is right.

step-by-step explanation: