# SOLUTION: HELP HELP HELP!!! The formula S = C(1 + r)^t models inflation, where C = the value today, r = the annual inflation rate, and S = the inflated value t years from now. Use this formu

Algebra ->  Algebra  -> Logarithm Solvers, Trainers and Word Problems -> SOLUTION: HELP HELP HELP!!! The formula S = C(1 + r)^t models inflation, where C = the value today, r = the annual inflation rate, and S = the inflated value t years from now. Use this formu      Log On

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 Click here to see ALL problems on logarithm Question 80760: HELP HELP HELP!!! The formula S = C(1 + r)^t models inflation, where C = the value today, r = the annual inflation rate, and S = the inflated value t years from now. Use this formula to solve and round answer to nearest dollar amount. If the inflation rate is 3%, how much will a house now worth \$110,000 be worth in 5 years? Answer by dolly(163)   (Show Source): You can put this solution on YOUR website!S = C(1+r)^t Here C = 110000, r = 0.03 , t = 5 So S = 110000(1+0.03)^5 = 110000(1.03)^5 = 110000(1.1592) = 127512 So the house is worth \$127512 in 5 years