SOLUTION: In 1867,the USA purchased the territory of Alaska from the Russian Empire.Its 586,412 square miles cost $7.2 million.The USA paid roughly two cents per acre of land.Assume that the

SOLUTION: In 1867,the USA purchased the territory of Alaska from the Russian Empire.Its 586,412 square miles cost $7.2 million.The USA paid roughly two cents per acre of land.Assume that the

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Question 928805: In 1867,the USA purchased the territory of Alaska from the Russian Empire.Its 586,412 square miles cost $7.2 million.The USA paid roughly two cents per acre of land.Assume that the price of land in Alaska has increased in value by 5% a year since purchase.Write an equation that represents the price per acre in the year n.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
P = .02(1.05)^(n - 1867)
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