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AleksandrR [38]
3 years ago
12

A home value increases at a rate of 2.3% per year. If you purchased a home for 192,300, what would be the value of the home in 1

0 years? Round to the nearest cent.
Mathematics
1 answer:
stealth61 [152]3 years ago
3 0

9514 1404 393

Answer:

  $241,399.09

Step-by-step explanation:

The value is increasing exponentially with a growth factor of 1.023, so it will be ...

  v(t) = 192,300×1.023^t

  v(10) = 192,300×1.023^10 ≈ 241,399.09

The value is predicted to be $241,399.09 in 10 years.

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If <em>x</em> = 745/999, then

999<em>x</em> = 745

1000<em>x</em> - <em>x</em> = 745

This equation tells us that the fractional part of 1000<em>x</em> and <em>x</em> cancel upon subtracting. This means the block of repeating digits must be 3 digits long.

To verify this, suppose we write <em>x</em> = 0.<em>yyy</em>… , where <em>y</em> consists of 3 digits. Then

1000<em>x</em> = <em>y</em>.<em>yyy</em>…

1000<em>x</em> - <em>x</em> = <em>y</em>.<em>yyy</em>… - 0.<em>yyy</em>…

999<em>x</em> = <em>y</em>

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which means <em>y</em> = 745.

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3 years ago
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4 years ago
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MArishka [77]

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9. $2,860 per month

10. $660 per week

11. $94 per day <u><em>(not 100% sure on this one, not sure if its getting techinical with working 5 days a week)</em></u>

Step-by-step explanation:

9. $34,320 divide by number of months in a year (12)

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