SOLUTION: The median price of a house in Orange County increases by about 6% per year. In 2002 the median price was $240,000. Let Pn be the median price n years after 2002. (a) Find a formu

Algebra ->  Sequences-and-series -> SOLUTION: The median price of a house in Orange County increases by about 6% per year. In 2002 the median price was $240,000. Let Pn be the median price n years after 2002. (a) Find a formu      Log On


   



Question 1199246: The median price of a house in Orange County increases by about 6% per year. In 2002 the median price was $240,000. Let Pn be the median price n years after 2002.
(a) Find a formula for the sequence Pn

Answer by ikleyn(52787) About Me  (Show Source):
You can put this solution on YOUR website!
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    P%5Bn%5D = 240000%2A1.06%5En,  n = 1, 2, 3, . . .      ANSWER

Solved.