Question

Asked Oct 30, 2019

According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 79% to $483 thousand. What was the average price of a new home in 2000?

Step 1

It is given that, the average price of a new home in a certain region increased by 79% to $483 thousand. Let *x* denote average price of a new home in 2000.

Step 2

The 79% increase results as,

Step 3

As the average price of the hom...

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