document.write( "Question 319233: Please help me solve this problem:\r
\n" ); document.write( "\n" ); document.write( "Adams Company bought a piece of land in 1981 for $200,000. By 2005, its value had increased to $1 million. Find the annual rate of appreciation during this period. \n" ); document.write( "
Algebra.Com's Answer #228575 by stanbon(75887)\"\" \"About 
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Adams Company bought a piece of land in 1981 for $200,000. By 2005, its value had increased to $1 million. Find the annual rate of appreciation during this period.
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\n" ); document.write( "Form: y = ab^x
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\n" ); document.write( "You have two points: (0,200,000) and (24,1,000,000)
\n" ); document.write( "where the 1st coordinate is the number of years after 1981.
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\n" ); document.write( "Using (0,200,000 you get:
\n" ); document.write( "200,000 = ab^0
\n" ); document.write( "200,000 = a
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\n" ); document.write( "Using (24,1000000)
\n" ); document.write( "1000000 = 200,000b^24
\n" ); document.write( "5 = b^24
\n" ); document.write( "b = 5^(1/24) = 1.0694
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\n" ); document.write( "Equation:
\n" ); document.write( "y = 200,000(1.0694)^x
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\n" ); document.write( "Annual rate is 0.0694 or 6.94%
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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