Respuesta :

Cutiepatutie

Answer: 0.833%

Step-by-step explanation:

growth model formula is [tex]P=Po(1+r)^{t}[/tex]

[tex]P=120,000(1+.1)^{t}[/tex] One year is twelve months and each year it has a new growth of ten percent. So if 12 months=10% then one month=10/12%=0.833%. In other words, the house's value increased +$1000 each month.

[tex]120,000*\frac{10}{12} *\frac{1}{100} =1,000[/tex]

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great Valentines Day! :-)

- Cutiepatutie ☺❀❤

adrian128383
It grows by $1,000 per month because 10% of 120,000 is 12,000 and thats for one year so you divide 120,000/12,000=$1,000 each month

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