Question: 7 2 percent is not the correct answer. Assume that in January 2 0 2 3 , the average house price in a particular area

72 percent is not the correct answer.
Assume that in January 2023, the average house price in a particular area was $405,500. In January 2002, the average price was
$190,000. What was the annual increase in the price of the average house sold?
Note: Do not round intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
Answer is complete but not entirely correct.
 72 percent is not the correct answer. Assume that in January

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!