In 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. Write an equation, in function notation, to represent the value of the home as a function of time in years since 1990, . v(t)-170,000(1.05) v(t)=170,000(0.95)* v(t)=170,000(5) v(t)=170,000(1.50)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Concept explainers
Topic Video
Question
Help
My Classes (?
In 1990, the value of a home is $170,000.
Since then, its value has increased 5% per
year. Write an equation, in function
notation, to represent the value of the
home as a function of time in years since
1990, .
v(t)=170,000(1.05)
v(t)=170,000(0.95)*
v(t)-170,000(5)*
v(t)-170,000(1.50)
コ
Transcribed Image Text:My Classes (? In 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. Write an equation, in function notation, to represent the value of the home as a function of time in years since 1990, . v(t)=170,000(1.05) v(t)=170,000(0.95)* v(t)-170,000(5)* v(t)-170,000(1.50) コ
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
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…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,