Mathematics, 13.07.2019 06:10 rero
Ahouse was valued at $120,000 in the year 1989. the value appreciated to $145,000 by the year 2007.
use the compund interest formula s=p(1+r)^t to answer the following questions.
a) what was the annual growth rate between 1989 and 2007?
r = round the growth rate to 4 decimal places.
b) what is the correct answer to part a written in percentage form?
r = %.
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.
Answers: 1
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Ahouse was valued at $120,000 in the year 1989. the value appreciated to $145,000 by the year 2007.<...
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