SOLUTION: evaluting a function the function V(t)=89500(1.054^t) gives the value of a home in dollars in the year 1990+t. what was the value of the home in 1994? Round your answer to the nea

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Question 95726: evaluting a function
the function V(t)=89500(1.054^t) gives the value of a home in dollars in the year 1990+t. what was the value of the home in 1994? Round your answer to the nearest whole dollar amount and give units
Answer by stanbon(48558) About Me  (Show Source):
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the function V(t)=89500(1.054^t) gives the value of a home in dollars in the year 1990+t. what was the value of the home in 1994? Round your answer to the nearest whole dollar amount and give units
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1994 is four years after 1990 so let t=4 to get:
V(4) = 89500(1.054^4)
V(4) = $110,455.025
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Cheers,
Stan H.