The median value of a home in a particular market is decreasing exponentially. If the value of a home was initially $240,000, th
en its value two years later is $235,000. Answer the following. 1) Determine when the value of the home will be 90% of its original value. Would the equation be set up like so: V=240e^.09t?
2)Determine the rate at which the value of the home is decreasing one year after it is valued at $235,000. Include units in your answer, and round the final value to the nearest dollar.
What I know so far: V=240e^(-0.01052)t Would you make t=1 and v=235?
3)The relative rate of change in a quantity is defined as the rate of change for that quantity divided by the quantity present. Find the relative rate of change in the home’s value at any time t.
I know that it will be dV/dt=VK I know k=-0.01052, would the final answer be -0.-1052=(dV/dt)/V
1) Determine when the value of the home will be 90% of its original value. 90% of 240000 =216,000 Now let's apply the formula 216,000=240,000,e^(-0.01052t), the unknown is t. Solving it by logarithm it will give t=10 years 1.a) Would the equation be set up like so: V=240e^.09t? NON, in any case if you solve it will find t=1 year
2)Determine the rate at which the value of the home is decreasing one year after : Already calculated above :(r=-0.01052)
when we have two dice, the odds are not as simple. For example, there's only one way to roll a two (snake eyes), but there's a lot of ways to roll a seven (1+6, 2+5, 3+4).
