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
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
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.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
![Basic Technical Mathematics](https://www.bartleby.com/isbn_cover_images/9780134437705/9780134437705_smallCoverImage.gif)
![Topology](https://www.bartleby.com/isbn_cover_images/9780134689517/9780134689517_smallCoverImage.gif)