Sales of existing homes in the United States rose continuously over the period 2011-2013 at the rate of 4.4% per year from 1.1 million in 2011. Create an exponential model S ( t ) that predicts the sales, in millions, of existing homes t years after 2011. How many millions of houses were sold when t = 3? Do not round till the end, then round your answer to two decimal places. (Do not include units or symbols. Values not based on actual data.)
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Equations and inequalities describe the relationship between two mathematical expressions.
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A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Sales of existing homes in the United States rose continuously over the period 2011-2013 at the rate of 4.4% per year from 1.1 million in 2011. Create an exponential model S ( t ) that predicts the sales, in millions, of existing homes t years after 2011. How many millions of houses were sold when t = 3? Do not round till the end, then round your answer to two decimal places. (Do not include units or symbols. Values not based on actual data.)
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