Step-by-step explanation:
Principal Amount = $150,000
Rate of appreciation per year = 6%
Appreciated amount = $150,000×6/100
= 6×1500 = $9,000 per year
in 7 years(2020) , the appreciated amount becomes = $9000×7yrs
= $63,000
Thus the value in 2020 = $150,000+$63,000
= $213,000
