document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=80760>Question 80760</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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.<BR>\n" );
document.write( "If the inflation rate is 3%, how much will a house now worth $110,000 be worth in 5 years?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #57914 by </B><A HREF=/tutors/aboutme.mpl?userid=dolly><B>dolly(163)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=dolly><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=57914\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> S = C(1+r)^t<BR>\n" );
document.write( "Here C = 110000,    r = 0.03 , t = 5\r<BR>\n" );
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document.write( "So S = 110000(1+0.03)^5<BR>\n" );
document.write( "      = 110000(1.03)^5<BR>\n" );
document.write( "      = 110000(1.1592)<BR>\n" );
document.write( "      = 127512\r<BR>\n" );
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document.write( "So the house is worth $127512 in 5 years </SPAN>\n" );
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