anonymous
  • anonymous
A house was valued at $125,000 in the year 1990. The value appreciated to $170,000 by the year 2008. A) What was the annual growth rate between 1990 and 2008? = Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? = %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2012 ? value = $ Round to the nearest thousand dollars.
Mathematics
schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
sorry guys these are the ones im not sure about at all:(
anonymous
  • anonymous
C = S * (1 + P)^Y where C = current value, S = Starting Value, P = Growth Rate, and Y = years Therefore, \[P = (C/s)^{1/Y} -1 = .01722922 = .01723\] To put as a percentage, multiply by 100: 1.723% Use the formula again, but you don't know C \[C = s*(1+P)^Y = $182022.135\]
anonymous
  • anonymous
sorry i dont know how you got the .01722922=.01723? i thought you put (125000/170000)^1-1 would give you the answer but it doesnt:(

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
It's 170000/125000 :D

Looking for something else?

Not the answer you are looking for? Search for more explanations.