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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.

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  1. anonymous
    • one year ago
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    @Hero

  2. anonymous
    • one year ago
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    I got 0.0083% any thoughts?

  3. anonymous
    • one year ago
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    Multiply the value of the house by the percentage it increases each year. 120,000 * .10 or 10%

  4. anonymous
    • one year ago
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    If you want to find the specific year it was purchased, use a continuous exponential growth equation.

  5. anonymous
    • one year ago
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    The equation would be A = 120,000(1+.10)^y (y being how many have passed).

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