SOLUTION: Write a function for a house valued at $215,000 that appreciates 4% over 7 years that represents the value of the house in any year.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Write a function for a house valued at $215,000 that appreciates 4% over 7 years that represents the value of the house in any year.      Log On


   



Question 356596: Write a function for a house valued at $215,000 that appreciates 4% over 7 years that represents the value of the house in any year.
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
Write a function for a house valued at $215,000 that appreciates 4% over 7 years that represents the value of the house in any year.
house value = 215000
appreciation 4% - 7 years
every year it appreciates 0.571%
...
let t the number of years from now
y the value of the house after time t
y= 215,000+0.571t
...
m.ananth@hotmail.ca