SOLUTION: Hello and Thank you all (ahead of time) If the inflation rate is 6%, how much will a house now worth $65,000 be worth in 10years? Please show how to get to this (very thankful, so

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Hello and Thank you all (ahead of time) If the inflation rate is 6%, how much will a house now worth $65,000 be worth in 10years? Please show how to get to this (very thankful, so      Log On


   

Question 106897: Hello and Thank you all (ahead of time)
If the inflation rate is 6%, how much will a house now worth $65,000 be worth in 10years? Please show how to get to this (very thankful, so I can comprehend the steps I need)
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
p*r^t
65,000(1.06^10)=65,000(1.79)=116,405