The lee family bought their home for $220,000 this year. The equation V = $220,000(1.038)* can be used to find the value, V, for

Question

3 years ago

13

their home after x years. Which is gonna be the value of the lee family’s home after 5 years?

2 answers:

quester [9] · Answer 1 · 2022-05-29T22:32:18+03:00

8 0

Answer:

V=220,000(1.038)^x

when x=5

V=220,000(1.038)^5=265099.83

Step-by-step explanation:

snow_lady [41] · Answer 2 · 2022-05-29T20:22:09+03:00

snow_lady [41]3 years ago

3 0

I assume this V = $220,000 * (1.038) is for one year = $228,360 +(5*1.038) simple interest = V =$<span>228,365.19</span>