Elizabeth R.

asked • 01/29/18

For 6 years my property increased each year, on the previous, 100%, and became worth $100000. What was it worth at first?

 Looking for the original value of the property.

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Kenneth S. answered • 01/29/18

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The semantics of this question are of an uncertain nature.  
 
Are you saying that in 6 years a series of increases in property value resulted in an ultimate valuation of one hundred thousand dollars which represents 100% increase in that time period?
 
If so, your property value doubled, so original value would be $50,000.
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Elizabeth R.

I agree, but the problem is from Ray's Arithmetic, so there's that. I read it to say that each year for 6 consecutive years, the value of the property increased by 100%. The answer to the question is $1562.50. I can't figure out how they arrived at that answer. Thank you for helping! 
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01/29/18

Kenneth S.

IF THE PROPERTY DOUBLED EVERY YEAR, THEN IT WOULD HAVE INCREASED BY FACTOR 26 = 64. 
THAT ACCOUNTS FOR RAY'S ANSWER.
 
If the wording that you supplied is exactly what Ray wrote, then I criticize Ray.
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01/29/18

Elizabeth R.

I copied and pasted the problem. Very confusing. Thanks for your help!
 
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01/30/18

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