Question 11 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
A yearly increase of 2.2% means the house’s value is multiplied by 1.022 each year. After 11 years, its value is $75,000 × (1.022)^11 ≈ $95,300. Rounded to the nearest hundred dollars, the house was worth $95,300, choice C.
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