In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to $145,000. Find the annual growth rate between 1985 and 2005 assuming that the value continued to grow by the same percentage and use it to write a function that models the exponential growth in the house's value in dollars V over time t, where t is the number of years since 1985. Write your answer in the form V(t)=a(b)t. Round your b value to 4 decimal places. Do not include commas in your answer. V(t)=
In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to $145,000. Find the annual growth rate between 1985 and 2005 assuming that the value continued to grow by the same percentage and use it to write a function that models the exponential growth in the house's value in dollars V over time t, where t is the number of years since 1985. Write your answer in the form V(t)=a(b)t. Round your b value to 4 decimal places. Do not include commas in your answer. V(t)=
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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In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to $145,000. Find the annual growth rate between 1985 and 2005 assuming that the value continued to grow by the same percentage and use it to write a function that models the exponential growth in the house's value in dollars V over time t, where t is the number of years since 1985.
Write your answer in the form V(t)=a(b)t. Round your b value to 4 decimal places.
Do not include commas in your answer.
V(t)=
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