The value of a family’s home is given by f(x)=130000(1.06)x, where x is the number of years after the family purchases the house for $130 000. What is the best estimate for the instantaneous rate of change in the value of the home when the family has owned it for 5 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 14TI: The half-life of plutonium-244 is 80,000,000 years. Find function gives the amount of carbon-14...
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The value of a family’s home is given by f(x)=130000(1.06)x, where x is the number of years after the family purchases the house for $130 000. What is the best estimate for the instantaneous rate of change in the value of the home when the family has owned it for 5 years?

 

$8000/year


$14 000/year


$12 000/year


$10 000/year

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