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?

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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,

0.79x
0.79
x1.79)
-1.79x
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0.79x 0.79 x1.79) -1.79x

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Step 3

As the average price of the hom...

1.79x 483
483
x=
1.79
x= 269.8324
x270
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1.79x 483 483 x= 1.79 x= 269.8324 x270

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