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Neko [114]
3 years ago
8

Which statement(s) can be interpreted from the equation for a real estate value, V(t) = 228,000(1.03) where V() represents the v

alue of the real estate and t represents the time in years?
The equation is an exponential growth equation.
O The equation is an exponential decay equation.
The equation is neither exponential decay nor exponential growth.
$220,000 represents the initial cost of a real estate that appreciates 3% per year over the course of tyears.
$228,000 represents the initial cost of a real estate that appreciates 30% per year over the course of years,
$228,000 represents the initial cost of a real estate that depreciates 3% per year over the course of years.
$228,000 represents the initial cost of a real estate that depreciates 30% per year over the course of t years
Mathematics
1 answer:
Bas_tet [7]3 years ago
6 0

Answer:

$220,000 represents the initial cost of a real estate that appreciates 3% per year over the course of t years.

Step-by-step explanation:

Equation for a real estate value: V(t) = 228,000(1.03)^t

Where V(t) represents the value of the real estate

t represents the time in years.

Exponential growth equation:y(t)=a(1+r)^t

Exponential decay equation: y(t)=a(1-r)^t

The given Equation for a real estate value can be written as : V(t) = 228,000(1+0.03)^t

Om comparing with growth and decay equations

We conclude that it is the growth equation

Where r = 0.03 =3%

a=Initial cost = 228000

So, Option B is true

$220,000 represents the initial cost of a real estate that appreciates 3% per year over the course of t years.

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Answer:

a. 0.4931

b. 0.2695

Step-by-step explanation:

Given

Let BG represents Boston Globe

NYT represents New York Times

P(BG) = 0.55

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a.

Let P(Read) = Probability that he reads the news the first day

P(Read) = P(He reads BG) and P(He reads NYT)

For the professor to read BG, then there must be at most 3 depressing news

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P(0) + P(1) + P(2) + P(3) = 1 - C(5,4) * 0.55⁴ * 0.45¹ - C(5,5) * 0.55^5 * 0.45°

P(0) + P(1) + P(2) + P(3) = 0.7438

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But P(0) + P(1) + .... + P(5) = 1 (this is the sample space)

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