house was valued at $95,000 in the year 1987. The value appreciated to $160,000 by the year 2006. A) If the value is growing exponentially, what was the annual growth rate between 1987 and 2006? 0.2782 = Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? 27.82 = %. C) Assume that the
house was valued at $95,000 in the year 1987. The value appreciated to $160,000 by the year 2006. A) If the value is growing exponentially, what was the annual growth rate between 1987 and 2006? 0.2782 = Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? 27.82 = %. C) Assume that the
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A house was valued at $95,000 in the year 1987. The value appreciated to $160,000 by the year 2006.
A) If the value is growing exponentially, what was the annual growth rate between 1987 and 2006?
0.2782 = Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
27.82 = %.
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2011 ?
value = -------$ Round to the nearest thousand dollars.
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