Since 1992, the value of homes in a neighborhood has doubled every 16 years. The value of one home in the neighborhood was $136,500 in 1992. 1. What is the value of this home, in dollars, in the year 2000? Explain your reasoning. 2. Write an equation that represents the growth in housing value as a function of time in t years since 1992. 3. Write an equation that represents the growth in housing value as a function of time in d decades since 1992.

Since 1992, the value of homes in a neighborhood has doubled every 16 years. The value of one home in the neighborhood was $136,500 in 1992. 1. What is the value of this home, in dollars, in the year 2000? Explain your reasoning. 2. Write an equation that represents the growth in housing value as a function of time in t years since 1992. 3. Write an equation that represents the growth in housing value as a function of time in d decades since 1992.

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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Question

100%

Since 1992, the value of homes in a neighborhood has doubled every 16 years. The value of one home
in the neighborhood was $136,500 in 1992.
1. What is the value of this home, in dollars, in the year 2000? Explain your reasoning.
2. Write an equation that represents the growth in housing value as a function of time in t years since
1992.
3. Write an equation that represents the growth in housing value as a function of time in d decades
since 1992.
4. Use one of your equations to find the value of the home, in dollars, 1.5 decades after 1992.

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