t) = 80,000e.05t, where t is the number of years after 1990. a. How many dollars per year will the value of the house be increasing in year 2017? b. How many dollars per year will the value of the house be increasing in year 2005

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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The price in dollars of a house during a period of mild inflation is described by the formula
P(t) = 80,000e-05t, where t is the number of years after 1990.
a. How many dollars per year will the value of the house be increasing in year 2017?
b. How many dollars per year will the value of the house be increasing in year 2005?
Transcribed Image Text:The price in dollars of a house during a period of mild inflation is described by the formula P(t) = 80,000e-05t, where t is the number of years after 1990. a. How many dollars per year will the value of the house be increasing in year 2017? b. How many dollars per year will the value of the house be increasing in year 2005?
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