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lesantik [10]
3 years ago
7

The value of a piece of land is $500 an acre. The price per acre is expected to increase 7% per year. Which function models the

value of an acre after t years?
Mathematics
1 answer:
kobusy [5.1K]3 years ago
4 0
To set the equation,we can first find how much price would be raised within a year:

=500×(1+7%)

=500×1.07

As the years go by the increase would accumulate,and the equation would be:

500 \times  {1.07}^{t}
Hope it helps!
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