Jonathan and Sarah purchased a beach house for $10,000,000. The home appreciates at a rate of 3% per year. The appreciation of t
he house is shown in the graph. The home is currently worth about $13,000,000. Jonathan and Sarah have owned the home for about ______ years.
2 answers:
13000000=10000000(1.03)t
T=log(13,000,000÷10,000,000)÷log(1.03)
=8.88 years
Answer:
9
Step-by-step explanation:
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