Solve the problem.
-In 1984, the average selling price of an existing single family home in Anytown, USA, was $69,636. Between 1984 and 1993, the average price increased by 7%. Between 1993 and 1999, the average price increased again,
This time by 9%. What was the median house price in Anytown in 1999?
A) $812,164,668.00
B) $81,216.47
C) $438.71
D) $74,510.52

Question

Quizplus · Accepted Answer

First, calculate the price in 1993: $69,636 * 1.07 = $74,510.52. Then, calculate the price in 1999: $74,510.52 * 1.09 = $81,216.47.

Solve the Problem. -In 1984, the Average Selling Price of an Existing Single