Answer:
241904.9483
≈ 241905
Step-by-step explanation:
Given that,
current amount of house = 180,000
value of the home increases at a rate of 3% per year
To find,
approximate value of the home after 10 years using exponential function
<h2>Equation</h2><h2>a(1 + r)^t</h2>
where a is the amount of house = 180,000
r is the interest rate per annum = 3% = 3/100 = 0.03
t is the number of years = 10
180,000 (1+0.03)^10
180,000 (1.03)^10
241904.9483
≈ 241905
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