A) What was the annual growth rate between 1990 and 2000? rr = _________________ Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? rr = ___________________ %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2003 ? value = $_________________ Round to the nearest thousand dollars.
A) What was the annual growth rate between 1990 and 2000? rr = _________________ Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? rr = ___________________ %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2003 ? value = $_________________ Round to the nearest thousand dollars.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A house was valued at $115,000 in the year 1990. The value appreciated to $155,000 by the year 2000.
Use the compund interest formula S=P(1+r)tS=P(1+r)t to answer the following questions.
A) What was the annual growth rate between 1990 and 2000?
rr = _________________ Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
rr = ___________________ %.
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2003 ?
value = $_________________ Round to the nearest thousand dollars.
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