The value of Desmond's home is modeled by the function V (x) = 275,000(1.09) ²/³x, where x is the number of years since 2012. By
what approximate percentage rate is the value of Desmond's home increasing per year?
1 answer:
Answer:
Step-by-step explanation:
<u>Given function</u>
- V(x) = 275000(1.09)^(2/3x)
<u>Every year the value is changing at the rate:</u>
- (1.09)^(2/3) = 1.059 ≈ 1.06
The rate of 1.06 is equivalent of 6% increase per year
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