Asked by Taylor
A house was valued at $125,000 in the year 1987. The value appreciated to $175,000 by the year 2002.
A) What was the annual growth rate between 1987 and 2002?
r= (round the growth rate to 4 decimal places)
B) What is the correct answer to part A written in percentage form?
r=
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2005?
value=$ (round to the nearest thousand dollars)
A) What was the annual growth rate between 1987 and 2002?
r= (round the growth rate to 4 decimal places)
B) What is the correct answer to part A written in percentage form?
r=
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2005?
value=$ (round to the nearest thousand dollars)
Answers
Answered by
aspenthewolf16 is dead
hi what grade is this
Answered by
aspenthewolf16 is dead
im gussing 10th oor 11th idk
Answered by
aspenthewolf16 is dead
ok bye
Answered by
Taylor
College
Answered by
oobleck
15 years, so
125000 * (1+r)^15 = 175000
r = 0.0227 = 2.27%
175K * 1.0227^3 = 187190
125000 * (1+r)^15 = 175000
r = 0.0227 = 2.27%
175K * 1.0227^3 = 187190