celeste117 celeste117
  • 15-05-2020
  • Mathematics
contestada

You buy a house for $130,000. It appreciates 6% per year for 10 years. This problem is considered what type of function?

Respuesta :

308778 308778
  • 15-05-2020

Answer:

$232,810

Step-by-step explanation:

Let P = price of house today or initial amount

r = percent it appreciates each year or the growth rate

and n = number of years of appreciation

then future price

= P*(1+r/100)n

or for this particular example of exponential growth

$130000*(1.06)10 = $232,810

Answer Link

Otras preguntas

A professional technician maintains and operates specialized scientific equipment. True False
Discuss the different observations that you would record during an investigation into the energy transformations of a lamp that uses electrical energy.
What is ich mean in German
15 is less than or equal to 20+11+k/3 is less than or equal to 19
How do you do this multiplication fraction 5×5 5/9
unicellular and multicellular organisms both perform which processes?
the feature that will allow you to quickly access the most commonly used commands in an application is the
URGENT Which pairs of quadrilaterals can be shown to be congruent using rigid motions? Select Congruent or Not Congruent for each pair of quadrilaterals.
At 10:30 AM, detectives discover a dead body in a room and measure its temperature at 27°C. One hour later, the body's temperature had dropped to 24.8°C. Determ
Why the three colonial regions ( New England,middle, and south developed differently?