A house was valued at $105,000 in the year 1994. The value appreciated to $170,000 by the year 2006. A) If the value is growing exponentially, what was the annual growth rate between 1994 and 2006? r = Round the growth rate to 4 decimal places. B) What is the correct ansuO

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
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A house was valued at $105,000 in the year 1994. The value appreciated to $170,000 by the
year 2006.
A) If the value is growing exponentially, what was the annual growth rate between 1994 and
2006?
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 2009 ?
value = $
Round to the nearest thousand dollars.
Get help: Video
Video
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G Search or type URL
23
*
8
9
Transcribed Image Text:A house was valued at $105,000 in the year 1994. The value appreciated to $170,000 by the year 2006. A) If the value is growing exponentially, what was the annual growth rate between 1994 and 2006? 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 2009 ? value = $ Round to the nearest thousand dollars. Get help: Video Video МacВook Pro Ce G Search or type URL 23 * 8 9
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