in the year 1985, a house was valued at $118,000. by the year 2005, the value had appreclated exponentially to $140,000.what was the annual growth rate between 1985 and 2005? (round your answer to two decimal places.) ________% assume that the value continued to grow by the same percentage. what was the value of the house in the year 2010?(round your answer to the nearest dollar.) $_______

in the year 1985, a house was valued at $118,000. by the year 2005, the value had appreclated exponentially to $140,000.what was the annual growth rate between 1985 and 2005? (round your answer to two decimal places.) __% assume that the value continued to grow by the same percentage. what was the value of the house in the year 2010?(round your answer to the nearest dollar.) $_

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section10.5: Solve Exponential And Logarithmic Equations

Problem 10.86TI: Rachel invests $15,000 at age 25. She hopes the investments will be worth when she turns 40. If the...

See similar textbooks

Similar questions

Saving How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000 in 2 years?
An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded continuously. How much will theaccount be worth after 15 years?
Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from, allcompounding daily. Her goal is to have 15,000 bythe time she finishes graduate school in 6 years. Tothe nearest hundredth of a percent, what should herminimum annual interest rate be in order to reach hergoal? (Hint: solve the compound interest formula forthe interest rate.)
Rachel invests $15,000 at age 25. She hopes the investments will be worth when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her goal?