hana inherited land from her late grandmother. The land originally cost $25,000 when her grandfather had purchased it in 1945. If the value of the land increased by about 5% annua

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,...
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Shana inherited land from her late grandmother. The land originally cost $25,000 when her grandfather had purchased it in 1945. If the value of the land increased by about 5% annually, how much did it cost in 2015?

All changes saved
1. Use the situation to answer the question.
Shana inherited land from her late grandmother. The land originally cost $25,000 when her grandfather had purchased it in 1945. If the value of the land
increased by about 5% annually, how much did it cost in 2015?
$118,920.04
$695,270.88
$760,660.64
$225,852.78
Transcribed Image Text:All changes saved 1. Use the situation to answer the question. Shana inherited land from her late grandmother. The land originally cost $25,000 when her grandfather had purchased it in 1945. If the value of the land increased by about 5% annually, how much did it cost in 2015? $118,920.04 $695,270.88 $760,660.64 $225,852.78
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