In 2003, the median price of a house in a city was $135,000. Assuming a rate of increase of 5% per year, what can we expect the price of such a house to be in 2012? We can expect the price of such a house to be about $ in 2012. (Do not round until the final answer. Then round to the nearest dollar as needed.)

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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4.1.97
In 2003, the median price of a house in a city was $135,000. Assuming a rate of increase of 5% per year, what can we expect the price of such a house to be in 2012?
We can expect the price of such a house to be about $ in 2012.
(Do not round until the final answer. Then round to the nearest dollar as needed.)
Transcribed Image Text:4.1.97 In 2003, the median price of a house in a city was $135,000. Assuming a rate of increase of 5% per year, what can we expect the price of such a house to be in 2012? We can expect the price of such a house to be about $ in 2012. (Do not round until the final answer. Then round to the nearest dollar as needed.)
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