SOLUTION: an apartment is purchased for 200,000 and is expected to double in value every 9 years. find its appreciation question. what will be expected value in 6 years?

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Question 1061167: an apartment is purchased for 200,000 and is expected to double in value every 9 years. find its appreciation question. what will be expected value in 6 years?
Found 2 solutions by josgarithmetic, MathTherapy:
Answer by josgarithmetic(39621)   (Show Source): You can put this solution on YOUR website!
v, value
t, years passed
t=9 will make ONE doubling period, according to description


The exponent here counts the doubling periods.





The question asks, what is v when t=6 ?
Answer by MathTherapy(10555)   (Show Source): You can put this solution on YOUR website!

an apartment is purchased for 200,000 and is expected to double in value every 9 years. find its appreciation question. what will be expected value in 6 years?
Appreciation rate: 

Expected value in 6 years:  

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