1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Minchanka [31]
3 years ago
8

carly bought a new house for $125,000. the value of the house appreciates approximately 3.5% each year. what will be the value o

f the house after 10 years?
Mathematics
2 answers:
larisa [96]3 years ago
8 0
We have to determine the value of a house after 10 years. We know that the present value of the house is $125,000 and that the value increases 3.5% each year. Formula is: FV = PV * ( 1 + r )^t, where FV is the future value, PV is the present value, r = 3.5% = 0.035 and t = 10 years. FV = 125,000 *( 1.035 )^10 = 125,000 * 1.4105; FV = $176,324.85 ( $ 176,325 to the nearest dollar ). Answer: The value of the house after 10 years will be <span>$176,325.</span>
Inessa [10]3 years ago
8 0

Answer:

Value of the house after 10 years is $176325 .

Step-by-step explanation:

The exponential increases function is given by

y = a (1 + r)^{t}

Where a is the initial value , r is the rate of interest in the decimal form and t is the time in years .

As given

Carly bought a new house for $125,000. the value of the house appreciates approximately 3.5% each year.

a = $125000

3.5% is written in the decimal form

= \frac{3.5}{100}

= 0.035

r = 0.035

t = 10 years

Put all the values in the formula

y = 125000 (1 + 0.035)^{10}

y = 125000(1.035)^{10}

y = 125000\times 1.4106

y = $ 176325

Therefore the value of the house after 10 years is $176325 .

You might be interested in
Free Póints for all ​
lyudmila [28]

thanks for free pints.........

7 0
2 years ago
Read 2 more answers
If a2 -2ab + b2 = 9 and a
inessss [21]

If a2 -2ab + b2 = 9 and a\begin{gathered} a^2-2ab+b^2=9 \\ aStep 1 factorize[tex]\begin{gathered} a^2-2ab+b^2=(a-b)^2 \\  \end{gathered}

then

[tex]\begin{gathered} (a-b)^2=9 \\ \sqrt{(a-b)^2}=\sqrt{9} \\ a-b=\pm3 \\ \\ aa-b=-3
6 0
1 year ago
Nelson got a pack of 12 pencils. he took 3 pencils and put it in is desk at school and 2 pencils to put in is locker at school.
prohojiy [21]

<u>1</u><u> </u><u>1</u><u>\</u><u>2</u><u>. </u><u> </u><u>s</u><u>o</u><u> </u><u>h</u><u>e</u><u> </u><u>h</u><u>a</u><u>d</u><u> </u><u>t</u><u>h</u><u>a</u><u>t</u><u> </u><u>f</u><u>r</u><u>a</u><u>c</u><u>t</u><u>i</u><u>o</u><u>n</u><u> </u><u>a</u><u>s</u><u> </u><u>a</u><u>l</u><u>l</u><u> </u><u>a</u><u>f</u><u>t</u><u>e</u><u>r</u>

8 0
2 years ago
. Ethan's favorite kind of exercise is running. He runs on a path that is 1.75 miles long. Last week, Ethan ran on the path 6 ti
Talja [164]

Answer:

10.5 miles

Step-by-step explanation:

Ethan's favorite kind of exercise is running. He runs on a path that is 1.75 miles long. Last week, Ethan ran on the path 6 times.

The number of miles that Ethan ran on the path last week is calculated as:

Number of miles × Number of times he ran

= 1.75 miles × 6 times

= 10.5 miles

Therefore, the number of miles that Ethan ran on the path last week is 10.5 miles

6 0
2 years ago
What is the slope of the line?
xeze [42]

Answer:

1/3

Step-by-step explanation:

Slope is rise over run.

Pick a point and count how many steps up and how many steps to the right you need to make to get to the next point. That's how you find slope.

3 0
2 years ago
Other questions:
  • Statement Reason
    13·2 answers
  • For questions 11 and 12, use the two-way table specifying favorite ice cream flavors by gender. male female chocolate 32 16 vani
    6·1 answer
  • The ratio of girls to boys at a movie is 7:6 if there are 24 boys, how many girls are at the movie​
    14·2 answers
  • Determine if the events listed are independent or dependent.
    9·1 answer
  • The product of 5 and the sum of 12 and a certain number is 10. What is the number 4​
    11·1 answer
  • HELP PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!
    10·1 answer
  • Select the graph of the solution click until the correct graph appears lxl &gt; 5
    6·1 answer
  • Pls help it is due today
    9·2 answers
  • Convert 32/5 to a mixed number.
    5·2 answers
  • Malia ran 7/12 of a mile. Shona ran 3/4 of a mile. Who ran further?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!