A house was valued at $110,000 in the year 1992. The value appreciated to $150,000 by the year 2001. A) What was the annual growth rate between 1992 and 2001? 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 2004 ? value = $ Round to the nearest thousand dollars
Unitary Method
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A house was valued at $110,000 in the year 1992. The value appreciated to $150,000 by the year 2001.
A) What was the annual growth rate between 1992 and 2001?
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 2004 ?
value = $ Round to the nearest thousand dollars.
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