Answer:
or 8
Step-by-step explanation:
Answer:
The home would be worth $249000 during the year of 2012.
Step-by-step explanation:
The price of the home in t years after 2004 can be modeled by the following equation:

In which P(0) is the price of the house in 2004 and r is the growth rate.
Since 2003 median home prices in Midvale, UT have been growing exponentially at roughly 4.7 % per year.
This means that 
$172000 in 2004
This means that 
What year would the home be worth $ 249000 ?
t years after 2004.
t is found when P(t) = 249000. So







2004 + 8.05 = 2012
The home would be worth $249000 during the year of 2012.
Answer:
p=−248.125
Step-by-step explanation:
- Subtract 100 on each side of the equation.
- After this, you will have 99.25=0.4p.
- Divide each side of the equation by 0.4 to get p by itself.
- You should get p= -248.125