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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.
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.

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I got 0.0083% any thoughts?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Multiply the value of the house by the percentage it increases each year. 120,000 * .10 or 10%

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0If you want to find the specific year it was purchased, use a continuous exponential growth equation.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0The equation would be A = 120,000(1+.10)^y (y being how many have passed).
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