## According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 77% to $476 thousand.

Question

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## Answers ( )

Answer:The average price of a new home in 2000 was $ 268,927 (rounding to the next dollar)Step-by-step explanation:Let’s find out the average price of a new home in 2000, this way:x = Average price of a new home in 2000

Increase rate = 77% = 0.77

476,000 = Average price of a new home in 2016

2. What was the average price of a new home in 2000?x + 0.77x = 476,000

1.77x = 476,000

x = 476,000/1.77

x = 268,927 (rounding to the next dollar)