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In the year 1985, a house wa growth rate between 1985 an in the year 2010? Round your answers to two The annual growth rate betw The value of the house in the

In the year 1985, a house wa growth rate between 1985 an in the year 2010? Round your answers to two The annual growth rate betw The value of the house in the

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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In the year 1985, a house was valued at $108,000. By the year 2005, the value had appreciated to $146,000. What was the annual growth rate between 1985 and 2005? Assume that the value continued to grow by the same percentage. What was the value of the house in the year 2010? Round your answers to two decimal places. The annual growth rate between 1985 and 2005 is The value of the house in the year 2010 is %.
Transcribed Image Text:In the year 1985, a house was valued at $108,000. By the year 2005, the value had appreciated to $146,000. What was the annual growth rate between 1985 and 2005? Assume that the value continued to grow by the same percentage. What was the value of the house in the year 2010? Round your answers to two decimal places. The annual growth rate between 1985 and 2005 is The value of the house in the year 2010 is %.
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