The value of a house is $165,000 and it loses 4% of its value every year.

A. Use the exponential decay formula below to write a function for the home's value, y, after t years.

y=A (1±r) ^t

B. Now use your formula to find the value of the home after 20 years. Round to the nearest dollar.

Question

Jamar

24 October, 08:57

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Answers (1)

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Weston Mayo · Answer 1

1) Y=165000 (1-0.04) ^t

2) y=165000 (1+0.04) ^20=361,535.3

The value of a house is $165,000 and it loses 4% of its value every year.A. Use the exponential decay formula below to write a function for the home's value, y, after t years.y=A (1±r) ^tB. Now use your formula to find the value of the home after 20 years. Round to the nearest dollar.