Mathematics, 13.04.2020 03:13 anjoliej9
In the year 1985, a house was valued at $110,000. By the year 2005, the value had appreciated to $145,000. Find the annual growth rate between 1985 and 2005 assuming that the value continued to grow by the same percentage and use it to write a function that models the exponential growth in the house’s value in dollars V over time t, where t is the number of years since 1985.
Write your answer in the form V(t)=a(b)^t . Round the b value to 4 decimal places.
Answers: 1
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