Sales of existing homes in the United States rose continuously over the period 2011-2013 at the rate of 8.6% per year from 2.0 million in 2011. Create an exponential model S ( t ) that predicts the sales, in millions, of existing homes t years after 2011. How many millions of houses were sold when t = 3? Do not round till the end, then round your answer to two decimal places. (Do not include units or symbols. Values not based on actual data.)
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Sales of existing homes in the United States rose continuously over the period 2011-2013 at the rate of 8.6% per year from 2.0 million in 2011. Create an exponential model S ( t ) that predicts the sales, in millions, of existing homes t years after 2011. How many millions of houses were sold when t = 3? Do not round till the end, then round your answer to two decimal places. (Do not include units or symbols. Values not based on actual data.)
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