Question

The value of a $225,000 house increases at a rate of 3.5% each year. Use a graph to predict the value of the house in 8 years.

Answer 1

The growth function is
V (t)=V0 (1+r)^t
V (t) ?
V0 225000
R 0.035
T 8 years

V (8)=225,000×(1+0.035)^(8)
V (8)=296,282