Maurice just bought a new home. The home can be represented by the function
y
=
200,000...
Mathematics, 18.03.2021 19:50 ajl05
Maurice just bought a new home. The home can be represented by the function
y
=
200,000
(
1.025
)
x
Complete each of the 2 activities for this Task.
Activity 1 of 2
Part A: What is the growth rate of the value of Maurice’s home each year after 2000?
A.
2.5%
B.
102.5%
C.
0.025%
D.
97.5%
Activity 2 of 2
Part B: What would the property value of Maurice’s home be after 40 years?
A.
$419,500
B.
$501,000
C.
$510,000
D.
$537,000
Answers: 3
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