If a $154,300 house appreciates 4 percent annually, what will it be worth in 2 years?$154,300$166,891$200,226$189,4331 points QUESTION 7If a $178,200 house appreciates 6 percent annually, what will it be worth in 2 years?$154,300$166,891$200,226$178,200

Answer:A) The the Price of house after 2 years is $160,472 B) The price of house after 2 years is $ 200,225.52Step-by-step explanation:Given as :A) The initial price of house is $154,300The percentage increase = 4%The time period = 2 yearsSo, [tex]Increase Amount = Initial amount\times  ( 1 +\frac{Rate}{100})^{Time}[/tex] or,  [tex]Increase Amount = $154,300\times  ( 1 +\frac{4}{100})^{2}[/tex] Or,  [tex]Increase Amount = $154,300\times  ( 1.04})^{2}[/tex] ∴ Increase Amount = $ 160,472 Hence The the Price of house after 2 years is $160,472 B)  The initial price of house is $178,200The percentage increase = 6%The time period = 2 yearsSo, [tex]Increase Amount = Initial amount\times  ( 1 +\frac{Rate}{100})^{Time}[/tex] Or,  [tex]Increase Amount = 178,200\times  ( 1 +\frac{6}{100})^{2}[/tex] Or,  [tex]Increase Amount = $178,200\times  ( 1.06})^{2}[/tex] ∴ Increase Amount = $ 200,225.52Hence The price of house after 2 years is $ 200,225.52   Answer