In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to $145,000. What was the annual growth rate between 1985 and 2005? Assume that the value continued to grow by the same percentage. What was the value of the house in the year 2010? Round your answers to two decimal places. The annual growth rate between 1985 and 2005 is Number %. The value of the house in the year 2010 is Number

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to
$145,000. What was the annual growth rate between 1985 and 2005? Assume that the value continued
to grow by the same percentage. What was the value of the house in the year 2010?
Round your answers to two decimal places.
The annual growth rate between 1985 and 2005 is Number
%.
The value of the house in the year 2010 is Number
Transcribed Image Text:In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to $145,000. What was the annual growth rate between 1985 and 2005? Assume that the value continued to grow by the same percentage. What was the value of the house in the year 2010? Round your answers to two decimal places. The annual growth rate between 1985 and 2005 is Number %. The value of the house in the year 2010 is Number
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