A house was valued at $95,000 in the year 1991. The value appreciated to $175,000 by the year 2005. A) If the value is growing exponentially, what was the annual growth rate between 1991 and 2005? rr = Incorrect Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? rr = Incorrect %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2010 ?
A house was valued at $95,000 in the year 1991. The value appreciated to $175,000 by the year 2005. A) If the value is growing exponentially, what was the annual growth rate between 1991 and 2005? rr = Incorrect Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? rr = Incorrect %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2010 ?
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 $95,000 in the year 1991. The value appreciated to $175,000 by the year 2005.
A) If the value is growing exponentially, what was the annual growth rate between 1991 and 2005?
rr = Incorrect Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
rr = Incorrect %.
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2010 ?
value = $ Incorrect Round to the nearest thousand dollars.
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