1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DanielleElmas [232]
3 years ago
15

A house was valued at $100,000 in the year 1987. The value appreciated to $165,000 by the year 2002.

Mathematics
1 answer:
iris [78.8K]3 years ago
8 0

Answer:

  A) The annual multiplier was 1.0339; the annual increase was 0.0339 of the value.

  B) 3.39% per year

  C) $182,000

Step-by-step explanation:

A) Let's let t represent years since 1987. Then we can fill in the numbers and solve for r.

  165000 = 100000(1 +r)^15

  1.65^(1/15) = 1 +r . . . . . divide by 100,000; take the 15th root

  1.03394855265 -1 = r ≈ 0.0339

The value was multiplied by about 1.0339 each year.

__

B) The value increased by about 3.39% per year.

__

C) S = $100,000(1.03394855265)^18 ≈ $182,000

You might be interested in
Jing spent 1/3 of her money on a pack of pens, 1/2 of her money on a pack of markers, and 1/8 of her money on a pack of pencils.
Reika [66]

As per the problem

Jing spent \frac{1}{3} of her money on a pack of pens.

\frac{1}{2} of her money on a pack of markers.

and \frac{1}{8} of her money on a pack of pencils.

Total fraction of money spent cab be given as below

Fraction of Money Spent =\frac{1}{3} +\frac{1}{2}+\frac{1}{8}

Take the LCD of denominator, we get LCD of (3,2,8)=24

Fraction of Money Spent =\frac{8+12+3}{24} =\frac{23}{24} \\\\

\\ \text{Hence fraction of Money Spent }=\frac{23}{24} \\ \\ \text{Fraction of Money left}=1-\frac{23}{24} \\ \\ \text{Simplify, we get}\\ \\ \text{Fraction of Money left}=\frac{24-23}{24} \\  \\ \text{Fraction of Money left}=\frac{1}{24}

3 0
3 years ago
Read 2 more answers
If f(x) = 5x + 40, what is f(x) when x = -5? og O 8 O 7 O 15​
Juli2301 [7.4K]

Answer:

15.

Step-by-step explanation:

5 * - 5 + 40 = 15

8 0
3 years ago
Read 2 more answers
Explain how 4/10 and 40/100 are the same
djverab [1.8K]

40/100 is just a bigger example of 4/10
4 0
3 years ago
Read 2 more answers
Female giraffes reach a height of 4.3 meters, and males reach a height of 5.5 meters. Kendra created a bar diagram and wrote an
Flura [38]
It should be 5.5 - d not 5.5 first
5 0
3 years ago
Read 2 more answers
Suppose that 30% of all houses need a paint job. Also, 15% of all houses need both a paint job and a new roof. Further, 7% of al
ivann1987 [24]

Answer:

0.0105

Step-by-step explanation:

given that 30% of all houses need a paint job. Also, 15% of all houses need both a paint job and a new roof. Further, 7% of all houses that need a new roof also need new windows.

If total houses are 100, then 30 require a paint along.  15 require both paint and new roof.

Out of 15 houses which require new roof 7% need new windows

i.e. no of houses which need new windows = 15*7%\\=1.05

If there are total 100 houses, 1.05 houses require a new window

So probability that a randomly selectede house needs a new window

= 0.0105

8 0
2 years ago
Other questions:
  • How do i do this equation <br> -3(-2y-4)-5y-2=
    13·1 answer
  • . (02.02 HC) Dominic earns $18 an hour plus $25 an hour for every hour of overtime. Overtime hours are any hours more than 35 ho
    15·1 answer
  • The functions f(x) = (x + 1)2 − 2 and g(x) = −(x − 2)2 + 1 have been rewritten using the completing-the-square method. Is the ve
    9·1 answer
  • Math please help good points
    12·1 answer
  • Which of the following numbers is irrational? (1 point)
    15·1 answer
  • A bag of rice weighs 3.18 pounds. Find its mass in kilograms (1kg=2.2lb)
    6·2 answers
  • Determine whether each x-value is a solution (or an approximate solution) of the equation. 
    5·1 answer
  • A 9​-pound bag of wildflower seed covers 15 square feet. How many pounds of seed does it take to cover 1 square​ foot?
    5·1 answer
  • Please help me I will give you the brain thing and extra points. (image below) 4/30
    11·1 answer
  • Please help me! This is a grade
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!