Housing prices in a particular neighborhood increased at rate of $1,200 per year. If you bought a home in 1960 for $45,000, what would it be worth today? Let H be the price of the house and let t be the number of years since 1960 and find a formula for that relates the two, then use it to answer the question.
Housing prices in a particular neighborhood increased at rate of $1,200 per year. If you bought a home in 1960 for $45,000, what would it be worth today? Let H be the price of the house and let t be the number of years since 1960 and find a formula for that relates the two, then use it to answer the question.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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Housing prices in a particular neighborhood increased at rate of $1,200 per year. If you bought a home in 1960 for $45,000, what would it be worth today? Let H be the price of the house and let t be the number of years since 1960 and find a formula for that relates the two, then use it to answer the question.
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