A house appreciates (grows in value) about 6% each year. If the house is now worth 158,000, in about how many years will it be worth 200,000? Use the equation 200,000= 158,000(1.06)^x to solve this problem. Round to the nearest year
200,000 = 158,000(1.06)^x Divide both sides by 158,000 1.2658 = 1.06^x Take the log of both sides and use the power rule to bring down the exponent (x) to the front. log 1.2658 = x log 1.06 Divide both sides by log 1.06 log (1.2658)/log(1.06) = x x = 4 years
