SOLUTION: if a piece of real estate purchased for 75000 in 1998 appreicated at the rate of 6%, then its value t yreas after the pruchase wo; be f(t)=75000(1.06 rised to t). According to this

Question 62038: if a piece of real estate purchased for 75000 in 1998 appreicated at the rate of 6%, then its value t yreas after the pruchase wo; be f(t)=75000(1.06 rised to t). According to this model, by how much will the value of this property increase between the years 2005 and 2008?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

2005 - 1998 = 7 yrs
2008 - 1998 = 10 yrs

$21,540 increase in value between 2005 and 2008
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