The price in dollars of a house during a period of mild inflation is described by the formula P(t)=96000e^0.05t where t is the number of years after 1990. Answer the following questions: A. The value of the house in the year 2000 will be ___________ dollars. (Round your answer to the nearest dollar.) B. In the year 2000 the value will be increasing at a rate of ____________ dollars per year. (Round your answer to the nearest dollar.) C. How long will it take for a house to double in value? Answer: _____________ years. (Round your answer to two decimal places.)
The price in dollars of a house during a period of mild inflation is described by the formula P(t)=96000e^0.05t where t is the number of years after 1990. Answer the following questions: A. The value of the house in the year 2000 will be ___________ dollars. (Round your answer to the nearest dollar.) B. In the year 2000 the value will be increasing at a rate of ____________ dollars per year. (Round your answer to the nearest dollar.) C. How long will it take for a house to double in value? Answer: _____________ years. (Round your answer to two decimal places.)
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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The price in dollars of a house during a period of mild inflation is described by the formula P(t)=96000e^0.05t where t is the number of years after 1990. Answer the following questions:
A. The value of the house in the year 2000 will be
___________ dollars. (Round your answer to the nearest dollar.)
B. In the year 2000 the value will be increasing at a rate of
____________ dollars per year. (Round your answer to the nearest dollar.)
C. How long will it take for a house to double in value? Answer:
_____________ years. (Round your answer to two decimal places.)
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