lizzy1234557 lizzy1234557

24-04-2021
Mathematics

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Homes appreciate 8% every year. What is the multiplier?

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VirαtKσhli VirαtKσhli

24-04-2021

Answer:

1.08

Step-by-step explanation:

Home appreciates 8% every year. Since 8% is increased every year , therefore 1 + 8/100 will be multiplied to the initial cost every year .

Hence the multiplier is 1.08 .

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