Question

Jonathan and Sarah purchased a beach house for $10,000,000. The home appreciates at a rate of 3% per year. The appreciation of the 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.

Answer 1

13000000=10000000(1.03)t
T=log(13,000,000÷10,000,000)÷log(1.03)
=8.88 years

Answer 2

Answer:

9

Step-by-step explanation:

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