A house was valued at $105,000 in the year 1991. The value appreciated to $160,000 by the year 2000. A) What was the annual growth rate between 1991 and 2000? Round the growth rate to 4 decimal places. r = 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 2004 ? value = $ Round to the nearest thousand dollars.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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A house was valued at $105,000 in the year 1991. The value appreciated to $160,000 by the year
2000.
A) What was the annual growth rate between 1991 and 2000?
Round the growth rate to 4 decimal places.
r =
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 2004 ?
value = $
Round to the nearest thousand dollars.
Transcribed Image Text:A house was valued at $105,000 in the year 1991. The value appreciated to $160,000 by the year 2000. A) What was the annual growth rate between 1991 and 2000? Round the growth rate to 4 decimal places. r = 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 2004 ? value = $ Round to the nearest thousand dollars.
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