Answer:
The increase in value is $27,810
The current house value is $336,810
Explanation:
Given that;
A house on the market was valued at $309,000.
[tex]P=\text{ \$309,000}[/tex]Given that the value increased by 9%.
Let i represent the increase in value;
[tex]\begin{gathered} i=9\text{\% of P} \\ i=\frac{9}{100}\times\text{ \$309,000} \\ i=0.09\times\text{ \$309,000} \\ i=\text{ \$}27,810 \end{gathered}[/tex]The increase in value is $27,810
Let F represent the current house value.
[tex]\begin{gathered} F=P+i \\ F=\text{ \$309,000}+\text{ \$27,810} \\ F=\text{ \$336,810} \end{gathered}[/tex]The current house value is $336,810
