The average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004 can be appraximated by P(t) -0.33e1 millon dollars (0 ses 10). where tis time in years. (t=O represents 1994.)t What was the average price of a two-bedroom apartment in downtown New York City in 19977 (Round your answers to two significant digits.) HINT (See Quick Example 14.] 0533 3D0 V million dollars How fast was the price increasing? 1616 X milion dollars per year

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 33A: The average percent defective product of a manufacturing plant is 1.20%. On a particular day 50...
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The average price of a two bedroom apartment in downtown New York City during the real estate boom of 1994 to 2004 can be approximated by p(t)=0.33e^0.16t million dollars (0
The average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004 can be approximated by
p() - 0.33e0.16 million dollars (0 sts 10),
where t is time in years. (t=0 represents 1994.)t What was the average price of a two-bedroom apartment in downtown New York City in 1997? (Round your answers to two significant digits.) HINT (See Quick Example 14.]
0.533
v milion dollars
How fast was the price increasing?
1616
x million dollars per year
Need Help? Raad Wah
Transcribed Image Text:The average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004 can be approximated by p() - 0.33e0.16 million dollars (0 sts 10), where t is time in years. (t=0 represents 1994.)t What was the average price of a two-bedroom apartment in downtown New York City in 1997? (Round your answers to two significant digits.) HINT (See Quick Example 14.] 0.533 v milion dollars How fast was the price increasing? 1616 x million dollars per year Need Help? Raad Wah
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