In 2005 there were 1000 rabbits on an island. At this rate, the population grows at 8% what will be the rabbit population be in the island in 2020? 2. The value of a car in 2015 is $40,000. Depreciates by 7% each year. How much will the car be worth in 2024 3. John bought a new home in 2002. The value of a home increases by 4% each year. If the price of the house is 225,000 in 2015 how much did he pay for it in 2002?

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