Each year increased by 55%.
To calculate the price for the next year, you need to take the previous year amount multiplied by 55%, and then add previous year amount.
Eg. To calculate Year 1,
previous year (Year = 0) amount is 178000.
So, 178000 x 55% + 178000 = $275 900
To calculate Year 2,
previous year (Year =1) amount is 275 900
So, 275 900 x 55% + 275 900 = 427 645

Continue the calculation by yourself. :)
If you are good enough, then you should do, 178000 x 1.55 = 275 900
275900 x 1.55 = 427645

Thank you

I often prefer to think of percentages as decimals because it would make your life easier in the future.

100% is 1
1% is 0.01
50% is 0.5 (half)
55% is 0.55

So for example, if something is going to increase by 50%, that just means it will increase by half wouldn't it? Like, a $1 apple today is going to increase to $1.50. You know it because you did this in your head: 0.5 x $1, plus the original $1 price.

Hence, if the home which cost $178,000 increases by 55%, you just take 0.55 * $178,000, plus $178,000. This would give you $275,900. With this number, you can continue to calculate the price for the second year and so on.

Hint: Have you notice that $275,900 is 1.55 times of $178,000. And that's the shortcut to dealing with such questions. You take the percentage increase (in this case 0.55) and plus 1 (which in this case makes it 1.55). Then multiple it by the original price. Continue to do it for every year.

Thank you! That was very helpful