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lara31 [8.8K]
2 years ago
15

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?
Mathematics
1 answer:
Tasya [4]2 years ago
4 0

Answer:

  • 6%

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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