The value of the house at any given moment is 90 percent of the value of the house exactly one year prior, to determine the house value after one year multiply the actual value by 1.10, and function that represents the value of the house in terms of the number of years t since Andrew purchase the house is [tex]\rm f(t) = 197000\times \dfrac{(100+10t)}{100}[/tex].
Given :
- Your friend Andrew decided to invest in real estate. He purchased a house that was worth $197,000.
- The value of the house is increased by 10% each year for the next several years.
a) The value of the house at any given moment is 90 percent of the value of the house exactly one year prior.
b) The value of the house after one year is:
[tex]= 197000\times 1.10[/tex]
= $216700
So, to determine the house value after one year multiply the actual value by 1.10.
c) Function that represents the value of the house in terms of the number of years t since Andrew purchase the house is:
[tex]\rm f(t) = 197000\times \dfrac{(100+10t)}{100}[/tex]
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