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?
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?
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.
The 79% increase results as,
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0.79x 0.79 x1.79) -1.79x
As the average price of the hom...
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1.79x 483 483 x= 1.79 x= 269.8324 x270
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