Brielle bought an apartment building for $202,444. The value of the real estate appreciated at a constant rate per year. The tab
le shows the value of the apartment building after the first and second years: Year 1 2 Value (in dollars) $212,566.20 $223,194.51 Which function best represents the value of the apartment building after t years? f(t) = 202,444(0.05)t f(t) = 202,444(1.05)t f(t) = 212,566.20(1.05)t f(t) = 212,566.20(0.05)t
To find the future value, you would multiply the starting value from year one by 1+ the percent of increase per year raised to the number of years you want.,
The starting value of the house would be the value from year one: 212,566.20
The equation would then be: f(t) = 212,566.20(1.05)t
Brielle bought an apartment building for $202,444. The value of the real estate appreciated at a constant rate per year. The table shows the value of the apartment building after the first and second years: Year 1 2 Value (in dollars) $212,566.20 $223,194.51. The function, f(t) = 212,566.20(1.05)t best represents the value of the apartment building after t years.
In order to find the correct value, you have to multiply the starting value up 1% for each year. This would insure that you would find the correct answer.
