a two bedroom apartment in downtown New York City during the real estate boom from 1994-2004 can be approxi

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter8: Applications Of Trigonometry
Section: Chapter Questions
Problem 3T
icon
Related questions
Topic Video
Question
100%
The average price of a two bedroom apartment in downtown New York City during the real estate boom from 1994-2004 can be approximated by p(t)=0.33e^0.16t million dollars (0
The average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004 can be approximated by
p(t) = 0.330°.16t million dollars (0 Sts10),
where t is time
years. (t = 0 represents 1994.)T What was the average price of a two-bedroom apartment in downtown New York City in 1994? (Round your answers to two significant digits.) HINT [See Quick Example 14.]
million dollars
How fast was the price increasing?
million dollars per year
Transcribed Image Text:The average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004 can be approximated by p(t) = 0.330°.16t million dollars (0 Sts10), where t is time years. (t = 0 represents 1994.)T What was the average price of a two-bedroom apartment in downtown New York City in 1994? (Round your answers to two significant digits.) HINT [See Quick Example 14.] million dollars How fast was the price increasing? million dollars per year
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage