SOLUTION: writing an exponential equation the function v(t)120000(1.04^t) gives the value of a home in dollars in the year 1980+t. write an EQUATION that can be used to determine the year

Algebra ->  Customizable Word Problem Solvers  -> Evaluation -> SOLUTION: writing an exponential equation the function v(t)120000(1.04^t) gives the value of a home in dollars in the year 1980+t. write an EQUATION that can be used to determine the year       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 95727: writing an exponential equation
the function v(t)120000(1.04^t) gives the value of a home in dollars in the year 1980+t. write an EQUATION that can be used to determine the year in which the value of the home reached $190,000? use ^ to denote an exponent. do not solve the equation.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
the function v(t)=120000(1.04^t) gives the value of a home in dollars in the year 1980+t. write an EQUATION that can be used to determine the year in which the value of the home reached $190,000? use ^ to denote an exponent. do not solve the equation.
-----------------------
190,000 = 120,000(1.04)^t
=============
Cheers,
Stan H.