SOLUTION: If piece of real estate purchased for $75.000 in 1998 appreciates at the rate of 6% per year, then it's value t years after the purchase will be f(x)= 75.000(1.06^t). According to

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: If piece of real estate purchased for $75.000 in 1998 appreciates at the rate of 6% per year, then it's value t years after the purchase will be f(x)= 75.000(1.06^t). According to      Log On


   



Question 44728This question is from textbook Algebra and Trigonometry with Analytic geometry
: If piece of real estate purchased for $75.000 in 1998 appreciates at the rate of 6% per year, then it's value t years after the purchase will be f(x)= 75.000(1.06^t). According to this model, by how much will the value of this piece of property increase between the years 2005 and 2008. My answer is 21,500 is that right. thanks for checking. This question is from textbook Algebra and Trigonometry with Analytic geometry

Answer by adamchapman(301) About Me  (Show Source):
You can put this solution on YOUR website!
You are correct.
Well done!
P.S. I am trying to start up my own homework help website. I would be extremely grateful if you would e-mail me some feedback on the help you received to adam.chapman@student.manchester.ac.uk
Adam