Brett's retirement party will cost $14 if he invites 7 guests. If there are 10 guests, how much will Brett's retirement party co
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Answer:
Yes
Step-by-step explanation:
3 medium cars to 1 small car can be made into a fraction like this: or
. But you must be consistent if the denominator represents medium cars or small cars.
For this, I'm just going to make medium cars the numerator.
18 medium cars to 6 cars can be made into a fraction like this : .
When you divide both fractions in a calculator (or in your head), you will realize that they both are the same value (equivalent).
These ratios are equivalent.
The value of home today is $ 424527.63
<em><u>Solution:</u></em>
Given that, Twenty years ago, Mr. Davis purchased his home for $160,000
Since then, the value of the home has increased about 5% per year
To find: Exponential function to find the value of home today
<em><u>The exponential growth function is given by:</u></em>
Where, "y" is the worth after "t" years
"a" is the initial amount
"r" is the rate of interest per year
From given information,
a = 160000
t = 20 years
Substituting the values we get,
Thus the exponential function is found
Let us find the value
Thus the value of home today is $ 424527.63