Property value suppose that the value of a piece of property doubles every 12 years. if you buy the property for $55,000, its value t years after the date of purchase should be
v(t) = 55,000(2)t/12.
use the model to approximate the value of the property (a) 4 years and (b) 25 years after it is purchase.

a)   $69,295.60

b) $233,028.03

Step-by-step explanation:

Given : Property value suppose that the value of a piece of property doubles every 12 years.

If you buy the property for $55,000, its value t years after the date of purchase should be

a) At t= 4 years , we get

Hence, the  value of the property after 4 years = $69,295.60

b) At t= 25 years

Hence, the approximate the value of the property after 5 years = $233,028.03

step-by-step explanation:

i believe its "c" because all of the other options include a but it could be d because there is a way of financing with cash at certain places but its uncommon.