Question

information about two homes in a city is given below. Home A has a value of $110,000, which is expected to increase exponentially by 4% each year. Home B has a value of $100,000, which is expected to increase exponentially by 6% each year. Which equation can be used to determine t, the number of years in which the expected value of home B would be twice the expected value of home A? A 110,000(1.04)t=2(100,000)(1.06)t B 100,000(1.06)t=2(110,000)(1.04)t C 110,000(0.04)t=2(100,000)(0.06)t D 100,000(0.06)t=2(110,000)(0.04)t

Answer 1

Answer:

100000(1.04)^t=2[110000(1.04)^t

Step-by-step explanation:

B=2A

100000(1.04)^t=2[110000(1.04)^t