At the beginning of 2000 Nick's house was worth 240 thousand dollars and Corey's house was worth 116 thousand dollars. At the beginning of 2003, Nick's house was worth 182 thousand dollars and Corey's house was worth 158 thousand dollars. Assume that the values of both houses vary at an exponential rate. a. Write a function f that determines the value of Nick's house (in thousands of dollars) in terms of the number of years t since the beginning of 2000. f(t) 240(.56)^t Preview b. Write a function g that determines the value of Corey's house (in thousands of dollars) in terms of the number of years t since the beginning of 2000. g(t) = 116(1.45)^t Preview c. How many years after the beginning of 2000 will Nick's and Corey's house have the same value?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter8: Polynomials
Section8.1: Adding And Subtracting Polynomials
Problem 44PPS
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At the beginning of 2000 Nick's house was worth 240 thousand dollars and
Corey's house was worth 116 thousand dollars. At the beginning of 2003, Nick's
house was worth 182 thousand dollars and Corey's house was worth 158
thousand dollars. Assume that the values of both houses vary at an exponential
rate.
a. Write a function f that determines the value of Nick's house (in thousands
of dollars) in terms of the number of years t since the beginning of 2000.
f(t) = 240(.56)^t
Preview
b. Write a function g that determines the value of Corey's house (in thousands
of dollars) in terms of the number of years t since the beginning of 2000.
g(t)
116(1.45)^t
Preview
c. How many years after the beginning of 2000 will Nick's and Corey's house
have the same value?
* years
Preview
Transcribed Image Text:At the beginning of 2000 Nick's house was worth 240 thousand dollars and Corey's house was worth 116 thousand dollars. At the beginning of 2003, Nick's house was worth 182 thousand dollars and Corey's house was worth 158 thousand dollars. Assume that the values of both houses vary at an exponential rate. a. Write a function f that determines the value of Nick's house (in thousands of dollars) in terms of the number of years t since the beginning of 2000. f(t) = 240(.56)^t Preview b. Write a function g that determines the value of Corey's house (in thousands of dollars) in terms of the number of years t since the beginning of 2000. g(t) 116(1.45)^t Preview c. How many years after the beginning of 2000 will Nick's and Corey's house have the same value? * years Preview
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