Answer:
Let the value of house before increase be 'x'.
Rate of growth = 7%
So, Amount of growth would be
[tex]=\dfrac{7}{100}\times x\\\\=0.07x[/tex]
So, Value of house after increase becomes
[tex]\begin{gathered}x+0.07x\\\\=1.07x\end{gathered}[/tex]
Since Value of house after increase
= $ 749000
it becomes,
[tex]\begin{gathered}1.07x=749000\\\\x=\dfrac{749000}{1.07}\\\\x=700000\end{gathered}[/tex]
─━─━─━─━─━─━─━─━─━─━─━─
[tex]\Large\mathcal\red{Similar\:Question :}[/tex]
The value of zlatan's house has increased by 7%. His house is now valued at £749000 work out the value of the house befo...
https://brainly.com/question/11361577
─━─━─━─
At the start of 2014 lucys house was worth ?200 000. The value of the house increased by 5% every year. Workout the valu...
https://brainly.com/question/12046186