In 1977, a math professor bought her condominium for $60,000.

The value of the condo has risen steadily so that in 2007 real estate agents tell her the condo is now worth $750,000.

Find a formula to represent these facts about the value of the condo V (t), as a function of time,t, where t is in years after 1977

1 answer

by steadily, do you mean

it rises by the same amount each year
or
it rises by the same percent each year

?