SOLUTION: The function V(t)= 354000(1.07)t represents the value (in dollars) of a house years after its purchase. Use this function to complete the statements below. The value of this

Algebra.Com
Question 1202846: The function V(t)= 354000(1.07)t
represents the value (in dollars) of a house
years after its purchase. Use this function to complete the statements below.
The value of this house is
Select an answer
at a rate of

Select an answer

The purchase price of the house was

Answer by josgarithmetic(39620)   (Show Source): You can put this solution on YOUR website!
LOOK at it! .
Growth rate is 7%.

RELATED QUESTIONS

the function V(t)= 303000(1.060)t represent the value (in dollars) of a house t years... (answered by josgarithmetic,greenestamps)
The function V ( t ) = 32500 ( 0.92 ) t represents the value (in dollars)... (answered by ikleyn)
The function V(t)=32500(0.92)t represents the value (in dollars) of a car t... (answered by Boreal)
The function V(t)= 21300(0.94)t represents the value (in dollars) of a car years... (answered by josgarithmetic)
A business estimates that the value V(t) of office equipment is decreasing according to... (answered by nerdybill)
A new 24000 dollars car depreciates in value 5000 dollars per year. Construct a linear... (answered by oscargut)
The value of a new car decreases immediately after purchase. The equation v=-3000t+28,000 (answered by Fombitz)
I made an error in my submission. Please see this one. Sorry! Consolidate Shirt Works... (answered by stanbon,solver91311)
the Value M(in dollars)of a laptop computer t years after it was purchased new can be... (answered by jorel1380)