How much would a house cost today if it cost $100,000 2 years ago before a 4% increase each year in housing prices?

Mathematics

1 answer:

ad-work [718]3 years ago

8 0

Answer:

100000 × 1.04 × 1.04

Step-by-step explanation:

108160

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Please help with this problem, I don't understand how to work it out.

balandron [24]

The way to work it is to make a table in Excel (or equivalent program) with the data of budget for every year.

This is how it should look:

year budget 
 0 265.1 
 1 277.5 
 2 288.9 
 3 303.0
 4 311.3
 5 320.4
 6 334.5
 7 351.2
 8 368.2 
 9 381.7

Select both columns and inser a scatter plot graph (menu, insert, graph, scatterplot).

Now change the design of the graph to include the model. In this case I got y = 12.724 x + 262.92

x represents the number of year after 1990 and y represents the budget.

Now you can use the model to calcualte the budget when you know the year and to calculate the year when you know the budget.

For year 2001, x = 11 and y = 12.724 (11) + 262. 92 = 402.88 (which is 402,880)

This is the same year for which the budget exceeds 400,000.

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4 years ago

If the ends of the base of an isosceles triangle are at (2,0) & (0,1) & the eqn of one side is

aalyn [17]

If O is the orthocenter, O=(xo, yo)
such that xo=(2+0 + 2)/3, so xo= 4/3, so the answer must be

d) (4/3, 7/12)

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4 years ago

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It costs Hometown Stadium $1,000 each to lease 1,000-space parking lots from local businesses. How much will it cost to lease en

kakasveta [241]

Since 13,687 vehicles will fit on 14 1,000-space parking lots we have:

14*1,000 = $14,000 will be the cost to lease enough lots to accommodate an overflow of 13,687 vehicles.