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JulsSmile [24]
3 years ago
8

Question 33

Mathematics
2 answers:
Charra [1.4K]3 years ago
5 0

Answer:  $26,278,829.99

<u>Step-by-step explanation:</u>

The property appreciates at the same rate each year so this is an exponential function of the form   A=P(1+r)^t   where

  • A is the Accrued amount (total)
  • P is the Principal amount (initial/starting amount)
  • r is the Rate of appreciation (convert percent to decimal)
  • t is the Time (in years)

Given: P = 25,000    r = 10% (0.1)   t = 73

A = 25,000(1 + 0.1)⁷³

A = 25,000(1.1)⁷³

A = 26,278,829.99      (rounded to two decimal places)

Marizza181 [45]3 years ago
3 0

Answer:

I'm unsure if this is correct but, the answer should be $18,250,000.

- Starting price = $25,000

- Increases at the rate of 10% per year

- Value in 73 years = ?

- 10 x 73 = 730%

- 25,000 x 730 = $18,250,000

- Again, sorry if it's not right..

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