Sonya bought a home in 2010 for $221, 750 and sold it in 2020 for $320, 250. Assume that the home's value increased according to an exponential model during this period.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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  1. What is is the 1-year growth factor for her home's value?

     

  2. What is the 1-year percent change for her home's value?

    %  

  3. Define a function f that models her home's value (in dollars) t years since 2010. Make sure to use proper function notation, and do not round your growth factor too much or your answer might get marked incorrect.

     

 
Sonya bought a home in 2010 for $221, 750 and sold it in 2020 for $320, 250. Assume that the home's value increased according to an
exponential model during this period.
a. What is is the 10-year growth factor for her home's value?
1.44
Preview
b. What is the 10-year percent change for her home's value?
44
%
Preview
c. What is is the 1-year growth factor for her home's value?
44
Preview
d. What is the 1-year percent change for her home's value?
44
* %
Preview
e. Define a function f that models her home's value (in dollars) t years since 2010. Make sure to use proper function notation, and do not
round your growth factor too much or your answer might get marked incorrect.
221750(1.44)^t
Preview
Transcribed Image Text:Sonya bought a home in 2010 for $221, 750 and sold it in 2020 for $320, 250. Assume that the home's value increased according to an exponential model during this period. a. What is is the 10-year growth factor for her home's value? 1.44 Preview b. What is the 10-year percent change for her home's value? 44 % Preview c. What is is the 1-year growth factor for her home's value? 44 Preview d. What is the 1-year percent change for her home's value? 44 * % Preview e. Define a function f that models her home's value (in dollars) t years since 2010. Make sure to use proper function notation, and do not round your growth factor too much or your answer might get marked incorrect. 221750(1.44)^t Preview
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