The Lawson's purchase a home in 1988 for $21,900. It sold in 1993 for $29,346. What is the percent o

Mathematics
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The Lawson's purchase a home in 1988 for $21,900. It sold in 1993 for $29,346. What is the percent of increase in price?

May 7th, 2015

The question is: how much must 21,900 increase by in order to equal 29,346? The answer is obtained in two steps. First, solve the following equation for x: 21900 * x = 29346. How? Divide both sides of the equation by 21900, getting x = 29346 / 21900 = 1.34. Second, interpret 1.34 in percentage terms. the value 1.34 implies that the increase to 29346 represents an increase of 34%.from the original price.

May 7th, 2015

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May 7th, 2015
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May 7th, 2015
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