A house and a lot are appraised at $224,400. If the value of the house is five times the value of the lot, how much is the house worth?
A) $44,880
B) $224,400
C) $37,400
D) $187,000
E) $179,520

Question

A house and a lot are appraised at $224,400. If the value of the house is five times the value of the lot, how much is the house worth? ​
A) $44,880
B) $224,400
C) $37,400
D) $187,000
E) $179,520

Quizplus · Accepted Answer

Let's use variables to solve this problem. Let H be the value of the house and L be the value of the lot. We know H + L = 224,400 and H = 5L. We can substitute the second equation into the first equation to get 5L + L = 224,400, which simplifies to 6L = 224,400. Solving for L, we get L = 37,400. Then we can use the equation H = 5L to find the value of the house, which is H = 5(37,400) = $187,000. Therefore, the answer is D.

A House and a Lot Are Appraised at $224,400