2. (State whether the growth or decay is linear or exponential. Then answer the associated question, showing clear work. (2.1) A piece of land is valued at $300,000. However, its value is increasing at 15% per year. What is its value after 4 years? Round to the nearest dollar. O Linear Work: Exponential (2.2) The number of locally owned businesses in our town seems to be decreasing at a rate of 35 per year. If there are 860 locally owned businesses today, what number can we expect to have in 5 years? O Exponential O Linear Work:
2. (State whether the growth or decay is linear or exponential. Then answer the associated question, showing clear work. (2.1) A piece of land is valued at $300,000. However, its value is increasing at 15% per year. What is its value after 4 years? Round to the nearest dollar. O Linear Work: Exponential (2.2) The number of locally owned businesses in our town seems to be decreasing at a rate of 35 per year. If there are 860 locally owned businesses today, what number can we expect to have in 5 years? O Exponential O Linear Work:
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
![2. State whether the growth or decay is linear or exponential. Then answer the associated
question, showing clear work.
(2.1) A piece of land is valued at $300,000.
However, its value is increasing at 15%
per year. What is its value after 4 years?
Round to the nearest dollar.
Linear
Work:
Exponential
(2.2) The number of locally owned businesses in
our town seems to be decreasing at a rate
of 35 per year. If there are 860 locally
owned businesses today, what number can
we expect to have in 5 years?
Linear
O Exponential
Work:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff24ce67d-5c13-49ab-8f30-49b92ca3e30b%2F9c7efcd5-f967-4abc-84ea-a6638f7f5161%2Fw9bwn1_processed.png&w=3840&q=75)
Transcribed Image Text:2. State whether the growth or decay is linear or exponential. Then answer the associated
question, showing clear work.
(2.1) A piece of land is valued at $300,000.
However, its value is increasing at 15%
per year. What is its value after 4 years?
Round to the nearest dollar.
Linear
Work:
Exponential
(2.2) The number of locally owned businesses in
our town seems to be decreasing at a rate
of 35 per year. If there are 860 locally
owned businesses today, what number can
we expect to have in 5 years?
Linear
O Exponential
Work:
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