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liubo4ka [24]
3 years ago
10

The Mendes family bought a new house 11 years ago for $100,000. The house is now worth $196,000. Assuming a steady rate of growt

h, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)
Mathematics
1 answer:
77julia77 [94]3 years ago
5 0
The appreciation rate would be 6.31% per year. 
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Let's call the store value as s and the wholesale price as w. A store prices tapes by raising the wholesale price 50%(0.5 in decimals) and adding 25 cents, writing this as an equation, we have

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\begin{gathered} s=w+0.5w+0.25 \\ s=1.5w+0.25 \\ s-0.25=1.5w \\ w(s)=\frac{s-0.25}{1.5} \end{gathered}

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Rachel earned $85.25 for working 6 1 4 hours. How much does Rachel earn per hour?
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Rachel earns per hour is $ 13.64 .

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As given

Rachel earned $85.25 for working 6 \frac{1}{4} hours.

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Rachel earned $85.25 for working \frac{25}{4} hours.

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