A house is purchased for P 2,000,000 in 2002. The value of the house is given by the exponential growth model A = 2,000,000e^0.645t. Find t when the house would be worth P10,000,000. Use e (Euler's constant) = 2.718.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 355E: What is the difference between the equation for exponential growth versus the equation for...
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A house is purchased for P 2,000,000 in 2002. The value of the house is given by the exponential growth model A = 2,000,000e^0.645t. Find t when the house would be worth P10,000,000. Use e (Euler's constant) = 2.718.

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