All categories

3 years ago

Wilson is thinking about buying a house. The table below shows the projected value of two different houses for three years.

1 answer:

5 0

Given:
<span> Number of years 1 2 3
House 1 (value in dollars) 249,000 253,980 259,059.60
House 2 (value in dollars) 249,000 256,000 263,000

House 1: exponential function
House 2: linear function

House 1: f(x) = 249,000 * (1.02)^(x-1)
</span>→ f(3) = 249,000 * (1.02)³⁻¹ = 249,000 * (1.02)² = 259,059.60

House 2: f(x) = 249,000 + 7,000(x-1)
→ f(3) = 249,000 + 7,000(3-1) = 249,000 + 7,000(2) = 249,000 + 14,000 = 263,000

House 1:
f(45) = 249,000 * (1.02)⁴⁵⁻¹ = 249,000 * (1.02)⁴⁴ = 249,000 * 2.39 = 595,110

House 2:
f(45) = 249,000 + 7,000(45-1) = 249,000 + 7,000(44) = 249,000 + 308,000 = 557,000

House 1 will have a greater value than House 2 after 45 years.

You might be interested in

20 POINTS! TTM

g100num [7]

A relation is (also) a function if every input x is mapped to a unique output y.

In terms of graphical representation, this implies that a graph represents a function if there doesn't exist a vertical line that intersects the graph more than once. So:

The first graph is exactly a vertical line, so it's not a function.
The second graph represents the function y=x, so it's a function: you can see that every possible vertical line crosses the graph only once.
The third graph is not a function, because you can draw vertical lines that cross the graph twice.
Similarly, in the fourth graph you can draw vertical lines that cross the graph twice
The fifth graph is a function, because every vertical line crosses the graph once
The last graph is a function, although discontinuous, for the same reason.

8 0

3 years ago

Read 2 more answers

A spinner has 6 sectors, half of which are red and half of which are black. If the radius of the spinner is 3 inches, what is th

scZoUnD [109]

Answer:

Make me Brilliant

Step-by-step explanation:

Make me Brilliant then you are legend

5 0

3 years ago

Read 2 more answers

An oblique cylinder has a radius of 10 meters and a volume of 2,500 cubic meters. Use Cavalieri’s Principle to solve for the hei

shusha [124]

The idea of the Cavalieri's Principle states that even if the cylinder is oblique, so long as the planes in the figure are parallel, the equation would still be equal to,
V = Bh = πr²h
Substituting,
2,500 = π(10 m)²h
h = 7.95 m
The answer should be 5 meters.

4 0

3 years ago

Natalie has $5000 and decides to put her money in the bank in an account that has a 10% interest rate that is compounded continu

kakasveta [241]

Step-by-step explanation:

Natalie has $5000

She decides to put her money in the bank in an account that has a 10% interest rate that is compounded continuously.

Part a) What type of exponential model is Natalie’s situation?

Answer:

As Natalie's situation implies

continuous compounding. So, instead of computing interest on a finite number of time periods, for instance monthly or yearly, continuous compounding computes interest assuming constant compounding over an infinite number of periods.

So, it requires the more generalized version of the principal calculation formula such as:

$P\left(t\right)=P_0\times \left[1+\left(i\:/\:n\right)\right]^{\left(n\:\times \:\:t\right)}$

$P\left(t\right)=P_0\times \left[1+\left(\frac{i}{n}\:\right)\right]^{\left(n\:\times \:\:t\right)}$

Here,

$i$ = interest rate

= number of compounding periods

$t$ = time period in years

Part b) Write the model equation for Natalie’s situation?

For continuous compounding the number of compounding periods, $n$ , becomes infinitely large.

Therefore, the formula as we discussed above would become:

$P\left(t\right)=P_0\times e^{\left(i\:\times \:t\right)}$

Part c) How much money will Natalie have after 2 years?

Using the formula

$P\left(t\right)=P_0\times e^{\left(i\:\times \:t\right)}$

$₂ $=\:6107.02$ $

So, Natalie will have $\:6107.02$ $ after 2 years.

Part d) How much money will Natalie have after 2 years?

Using the formula

$P\left(t\right)=P_0\times e^{\left(i\:\times \:t\right)}$

$₁₀ $=13.597.50$ $

So, Natalie will have $13.597.50$ $ after 10 years.

Keywords: word problem, interest

Learn more about compound interest from brainly.com/question/6869962

#learnwithBrainly

5 0

3 years ago

This is the 6th time i've asked this question. i'm so desperate, please help me!

OverLord2011 [107]

Answer:

Look at explanation.

Step-by-step explanation:

For the first four, take the first term and add the common difference to it to get the second term. Then add the common difference to the second term to get the third term, and so on until the 5th term. If the common difference is negative, you subtract it instead of adding it.

4 0

3 years ago