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yarga [219]
3 years ago
8

1. From 1992 to 2007 the average home price increased by 8% per year. In 1992 Anita Bath

Mathematics
1 answer:
Anuta_ua [19.1K]3 years ago
5 0

Answer:

Anita Bath's home was worth $ 593,195.62 in 2007.

Step-by-step explanation:

Given that from 1992 to 2007 the average home price increased by 8% per year, and in 1992 Anita Bath bought a house for $ 187,000, to determine what was it worth in 2007 the following calculation must be performed:

2007 - 1992 = 15

187000 x 1.08 ^ 15 = X

187000 x 3.172 = X

593,195.62 = X

Therefore, Anita Bath's home was worth $ 593,195.62 in 2007.

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Answer:

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Step-by-step explanation:

First, set up the equations.

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plan 2: initial fee of $63.96, $0.08 per mile

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We want to know at what distance will the cost be the same. So, set the equations equal to each other.

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Divide by 0.04 to isolate x.

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Check by plugging x back into each equation.

y = 0.12(200) + 55.96

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y = 16 + 63.96

y = $79.96

You are correct!

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