A house was valued at $110,000 in the year 1992. The value appreciated to $175,000 by the year 2008. A) If the value is growing exponentially, what was the annual growth rate between 1992 and 2008? rr = Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? rr = %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2012 ? value = $ Round to the nearest thousand dollars.

A house was valued at $110,000 in the year 1992. The value appreciated to $175,000 by the year 2008. A) If the value is growing exponentially, what was the annual growth rate between 1992 and 2008? rr = Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? rr = %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2012 ? 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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