Travis bought two plots of land at the beginning of 2000. When purchased, the smaller plot of land was valued at $20,000.00 and
the larger plot of land was valued at $35,000.00. Each year, the smaller plot of land increased in value by 2%, and the larger plot of land decreased in value by 5%. Let s(t) represent the value of the smaller plot of land after t years, and let l(t) represent the value of the larger plot of land after t years.
In 2000, a different plot of land in the same area was valued at half as much as the larger plot of land, and it increased in value twice as fast each year as the smaller plot of land. Complete the equation below for d(t), the value of this different plot of land after t years.
Compare the values of all three plots of land after 8 years. What is the difference in the values of the highest valued plot of land and the lowest valued plot of land? (Round each value to the nearest dollar before finding the difference.)
