Respuesta :
The apartment which is brought by the Smiths be worth equal to the $84368.8 in 3 years.
What is percentage increase?
Percentage increase is the amount which is added into the the initial value in the percentage part.
The percentage increase can be calculated with the compound interest formula, which is,
[tex]A=P\times\left(1+\dfrac{r}{100}\right)^{t}\\[/tex]
Here, A is the final amount (initial plus increased amount) on the initial amount P of with the rate r of in the time period of t.
The smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate at most 4% a year.
Time period is 3 years. Thus the final amount of apartment after 3 years is,
[tex]A=75000\times\left(1+\dfrac{4}{100}\right)^{3}\\A=84.364.8[/tex]
Thus, the apartment which is brought by the Smiths be worth equal to the $84368.8 in 3 years.
Learn more about the compound interest here;
https://brainly.com/question/24274034
