A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month and select the correct answer below.

  • This Question is Closed
  1. OregonDuck
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    0.00797%

  2. OregonDuck
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    is the answer. medal plz

  3. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    How do you know? Can you show your work and I will medal/fan

  4. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 2

    @OregonDuck please don't just give the answer. Explanations are what really helps the questioner.

  5. OregonDuck
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    ok sorry :( @welshfella

  6. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    :) Alright, what do I do?

  7. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    anyone? How did you get your answer @OregonDuck

  8. OregonDuck
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    take 10% and divide it by 12

  9. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    0.00833333333

  10. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 2

    it all depends if the interested is compounded each month If its not compounded then 0.00833 is the answer . If it is compounded its 0.00797

  11. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    It doesn't say compounded, so I'm assuming it's not.

  12. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 2

    * growth not interest

  13. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Ok, so 0regon was right? :)

  14. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 2

    yes i on balance i would take his answer.

  15. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Yay! Can I ask another?

  16. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 2

    you can but i have to go

  17. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ok. Solve 4^(2x) = 7^(x−1).

  18. OregonDuck
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    thxs for the medal

  19. OregonDuck
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    try this type the equation at the bottom of the page: http://www.algebrahelp.com/calculators/equation/calc.do?equation=x+%2B+3+%2B+x+%2B+4+%3D+x+%2B+7+%2B+2x+%2B+7

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

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.