A house was valued at $125,000 in the year 1995. The value appreciated to $175,000 by the year 2000. A) If the value is growing exponentially, what was the annual growth rate between 1995 and 2000? Round the growth rate to 4 decimal places. T = B) What is the correct answer to part A written in percentage form? T = C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2004? value = S Round to the nearest thousand dollars.
A house was valued at $125,000 in the year 1995. The value appreciated to $175,000 by the year 2000. A) If the value is growing exponentially, what was the annual growth rate between 1995 and 2000? Round the growth rate to 4 decimal places. T = B) What is the correct answer to part A written in percentage form? T = C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2004? value = S Round to the nearest thousand dollars.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Transcribed Image Text:A house was valued at $125,000 in the year 1995. The value appreciated to $175,000 by the year 2000.
A) If the value is growing exponentially, what was the annual growth rate between 1995 and 2000?
Round the growth rate to 4 decimal places.
1-
B) What is the correct answer to part A written in percentage form?
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the
year 2004?
value S
Round to the nearest thousand dollars.
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