SOLUTION: The function V(t)= 354000(1.07)t represents the value (in dollars) of a house years after its purchase. Use this function to complete the statements below. The value of this

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: The function V(t)= 354000(1.07)t represents the value (in dollars) of a house years after its purchase. Use this function to complete the statements below. The value of this       Log On


   

Question 1202846: The function V(t)= 354000(1.07)t
represents the value (in dollars) of a house
years after its purchase. Use this function to complete the statements below.
The value of this house is
Select an answer
at a rate of

Select an answer

The purchase price of the house was

Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
LOOK at it! V%28t%29=354000%281.07%29%5Et.
Growth rate is 7%.