If lewis's house increases in value by 3% each year over two decades, he could still lose money when he sells the house if select the best answer from the choices provided. a) interest rates on mortgages fell 3% over the same time b) his repair and maintenance costs were more than 3% a year c) homes in other areas of town lost more than 3% of their value d) his down payment was significantly more than 3% of the house value

The correct answer is:

b) his repair and maintenance costs were more than 3% a year

Explanation:

Lewis's house increases in value by 3% each year. However, if he spends more than 3% of the value of his home each year in repairs and maintenance, when he sells the home, he will not be making money; he will in fact lose money, compared to what he's spent the last two decades.

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step-by-step explanation:

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step-by-step explanation:

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