document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=622296>Question 622296</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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 the following exercise.\r<BR>\n" );
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document.write( "Round your answer to the nearest dollar and make sure to include the dollar sign.\r<BR>\n" );
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document.write( "If the inflation rate is 5% , how much will a house now worth 780,000$ be worth in   3 years?\r<BR>\n" );
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document.write( "ANSWER: . </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #391369 by </B><A HREF=/tutors/aboutme.mpl?userid=math-vortex><B>math-vortex(648)</B></A><img src=\"/images/stars/stars-11.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math-vortex><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=math-vortex><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=391369\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi, there--<BR>\n" );
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document.write( "We are given the formula<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=S=C%2A%281%2Br%29%5Et ALIGN=MIDDLE  ALT=\"S=C%2A%281%2Br%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "where C = the value today,<BR>\n" );
document.write( "R = the annual inflation rate, and <BR>\n" );
document.write( "S = the inflated value t years from now. <BR>\n" );
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document.write( "Find the inflated value S, when <BR>\n" );
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document.write( "R = 5% <BR>\n" );
document.write( "C = $780,000<BR>\n" );
document.write( "t = 3 years<BR>\n" );
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document.write( "First, convert 5% to a decimal representation. 5% = 0.05<BR>\n" );
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document.write( "Substitute the known values into the formula and solve for S.<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=S=C%2A%281%2Br%29%5Et ALIGN=MIDDLE  ALT=\"S=C%2A%281%2Br%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=S=780000%2A%281%2B0.05%29%5E3 ALIGN=MIDDLE  ALT=\"S=780000%2A%281%2B0.05%29%5E3\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=S=780000%2A%281.05%29%5E3 ALIGN=MIDDLE  ALT=\"S=780000%2A%281.05%29%5E3\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=S=780000%2A1.157625 ALIGN=MIDDLE  ALT=\"S=780000%2A1.157625\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=S=902947.5 ALIGN=MIDDLE  ALT=\"S=902947.5\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "I the context of this problem, S=902947.5 means that the inflated value of the house is $902,947.50. We are asked to round to the nearest dollar. Rules vary when the cents are exactly 50. I usually round up. Therefore the inflated value of the house os $902,948.<BR>\n" );
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document.write( "Hope this helps! Feel free to email if you'd like me to explain any part in more detail.<BR>\n" );
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document.write( "Ms.Figgy<BR>\n" );
document.write( "math.in.the.vortex@gmail.com </SPAN>\n" );
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