In the year 1970, the median price for a house in Idaho was $54,200. By the year 2000, the median house value had appreciated to $106,300. What was the annual growth rate (r) between 1980 and 2000 (state as a percent rounded to the hundredths of a percent)? Assume that the value continued to grow by the same percentage. What will the median price for a house in Idaho in the year 2020? Round to the nearest hundred dollars. r= 2.27%, $166,600 r= 2.2707%, $166,600 r= 2.27077%, $166,600 r= 2.271%, $166,600

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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In the year 1970, the median price for a house in Idaho was $54,200. By the year
2000, the median house value had appreciated to $106,300. What was the annual
growth rate (r) between 1980 and 2000 (state as a percent rounded to the hundredths
of a percent)? Assume that the value continued to grow by the same percentage.
What will the median price for a house in Idaho in the year 2020? Round to the
nearest hundred dollars.
r= 2.27%, $166,600
r= 2.2707%, $166,600
r= 2.27077%, $166,600
r= 2.271%, $166,600
Transcribed Image Text:In the year 1970, the median price for a house in Idaho was $54,200. By the year 2000, the median house value had appreciated to $106,300. What was the annual growth rate (r) between 1980 and 2000 (state as a percent rounded to the hundredths of a percent)? Assume that the value continued to grow by the same percentage. What will the median price for a house in Idaho in the year 2020? Round to the nearest hundred dollars. r= 2.27%, $166,600 r= 2.2707%, $166,600 r= 2.27077%, $166,600 r= 2.271%, $166,600
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