Ask Question
MathematicsMathematics
14 December, 02:57

Sean's house is currently worth $188,900. According to a realtor, house prices in Sean's neighborhood will increase by 4.8% every year. The given function represents the value of Sean's house after t years.

f (t) = 188,900 (1.048) ^t

Which statement is true?

A.

The expression (1.0237) 12t reveals the approximate monthly growth rate of the value of Sean's house.

B.

The expression (1.0237) 4t reveals the approximate quarterly growth rate of the value of Sean's house.

C.

The expression (1.0118) 4t reveals the approximate quarterly growth rate of the value of Sean's house.

D.

The expression (1.0118) 12t reveals the approximate monthly growth rate of the value of Sean's house.

+5
Answers (2)
  1. 14 December, 05:52
    0
    Given

    Sean's house is currently worth $188,900.

    According to a realtor, house prices in Sean's neighborhood will increase by 4.8% every year.

    To prove

    Formula

    Where r is the rate in the decimal form.

    As given

    = 0.048

    Put in the formula

    Now also calculated monthly.

    Formula

    As given

    = 0.048

    Put in the formula

    As the approximation quarterly growth rate of the value of sean's house is near the Compounded quarterly interest.

    Thus Option (A) is correct.

    i. e

    The expression reveals the approximate quarterly growth rate of the value of Sean's

    House
  2. 14 December, 06:55
    0
    Step-by-step explanation:

    The function representing the value of Sean's house after t years is expressed as

    f (t) = 188,900 (1.048) ^t

    Where the current price of the house is $188,900

    According to a realtor, house prices in Sean's neighborhood will increase by 4.8% every year.

    Looking the the given function, the statement that is true is

    The expression (1.0118) 4t reveals the approximate quarterly growth rate of the value of Sean's house.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sean's house is currently worth $188,900. According to a realtor, house prices in Sean's neighborhood will increase by 4.8% every year. The ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A kid wants to buy a book but it is 18$ the book is diconted to 15 % off but she still has to pay 6% taxes how much dose she pay.
Answers (2)
Angle PQR and angle SQR form a linear pair. Find the sum of their measures.
Answers (1)
You have planned activities of 30 minutes, 15 minutes, 1.5 hours, and. 75 hours. how many total hours of activity do you have planned?
Answers (1)
A tank is in the shape of an inverted circular cone with height 500 ft and base radius 20 ft. It is filled with water to a height of 400 ft. Find the work required to empty the tank by pumping all of the water to the top of the tank.
Answers (1)
A five card hand is dealt. What is the probability that the hand is all diamonds?
Answers (1)
New Questions in Mathematics
What is the sin 250° when expressed as a positive acute angle?
Answers (1)
Identify the fraction as a proper improper and mixed however if the fraction is equivalent to one indicate so 7/3
Answers (1)
What is 185 as a fraction on simplest form
Answers (1)
Simplify the following, where k represents any integer: cos (2kpi-x) (-sin (2kpi-x)) a. - cosx*sinx b. (1/2) sin (2x) c. cos ((1/2) x) ^2 d. cos (x) ^2*sin (x) ^2 e. undefined
Answers (1)
1. Solve the absolute value equation, if possible. If there is no solution, explain why. | 5x + 10| = - 7
Answers (1)
Home » Mathematics » Sean's house is currently worth $188,900. According to a realtor, house prices in Sean's neighborhood will increase by 4.8% every year. The given function represents the value of Sean's house after t years. f (t) = 188,900 (1.
Sign Up Forgot Password?