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Georgia [21]
3 years ago
13

mr. and mrs. boyce bought a house for 96000 in 1995. real estate values in their area increase approximately 4% each year. what

was the value of the house in 2007?
Mathematics
1 answer:
Darya [45]3 years ago
6 0
Use this formula:
P(t) = P_0 (1 + r)^t
P(12 years) = (96000) \cdot (1.04)^{12}
P(12) = 153699
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