4. In 2010, a house was worth $169,000. In 2020, the same house was worth $225,000. What is the percent increase in the value of the house, rounded to the nearest tenth of a percent. (308) Incorrect Solution: Explanation of Error(@): Correct Work and Solution: 225000 -169000 56000 56% increase 5. Thomas is taking out a $42,000 home-improvement loan that he will make monthly payments on for eight years. The interest rate is 5.15%. j Find his monthly payment (Jpax) Incorrect Solution: Explanation of Error(s): Correct Work and Solution: PMT = A(1- (Iti)h) = 42000/- 010515 1 - ( 1+0 , 0515)-8 ~$ 6537.78 bj Find the total amount of money he would end up paying during the life of the loan. (2pry) Incorrect Solution Explanation of Error(s): Correct Work and Solution: 6537.78.6 = $39226, 68 c) Find the amount of interest he would pay on the loan. (2pry) Incorrect Solution Explanation of Error(s): Correct Work and Solution: I= Prt I =42000(0.0515)(2) I = $17304