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?
1 answer:
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:

Hope it helps!
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