A house on the market was valued at $ 441,000. After several years, the value increased by 7%. By how much did the houses value increase in dollars? What is the current value of the house?

The increased value of the house in dollars is $ 30,870

The current value of the house is $ 471,870

Step-by-step explanation:

Given details-

Value of the house on the market- $ 441,000

per cent by which the value of the house increased- 7%

The amount by which the value of the house increased-

The value increased would be equal to 7% of the house value in the market.

Hence, increased value= (7/100)*441,000

Increased value= $ 30,870

The current value of the house= value of the house after 7% increase

⇒  Hence the current value can be found out by adding up the increased value to the original value of the house.

⇒ Current value= $ 30,870+$ 441,000

⇒ Current value= $ 471,870

Thus the current value of the house is $ 471,870

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