A house was valued at $110,000 in the year 1991. The value appreciated to $150,000 by the year 2006. A) If the value is growing exponentially, what was the annual growth rate between 1991 and 2006? Round the growth rate to 4 decimal places. r = 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 2010 ? value = $ Round to the nearest thousand dollars.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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A house was valued at $110,000 in the year 1991. The value appreciated to $150,000 by the
year 2006.
A) If the value is growing exponentially, what was the annual growth rate between 1991 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 2010 ?
value = $
Round to the nearest thousand dollars.
Get help: Video
Video
MacBook Pro
G Search or type URL
く ※
%23
$
&
4
6
7
8.
9.
Transcribed Image Text:A house was valued at $110,000 in the year 1991. The value appreciated to $150,000 by the year 2006. A) If the value is growing exponentially, what was the annual growth rate between 1991 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 2010 ? value = $ Round to the nearest thousand dollars. Get help: Video Video MacBook Pro G Search or type URL く ※ %23 $ & 4 6 7 8. 9.
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