The price of houses increases at 10% per year. Show that the price P n in the
Question:
The price of houses increases at 10% per year. Show that the price Pn in the nth year satisfies the recurrence relation
A house is currently priced at £80 000. What was its price two years ago? What will be its price in five years’ time? After how many years will its price be double what it is now?
Transcribed Image Text:
Pn+1 = 1.1Pn
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
We want to find Po so that P 80 000 10 Pn1 Pn P 100 11Pn therefore P 11Po Taking ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
Deon is deciding between two personal loans. For each loan, the loan amount is $5000. Write the answers to the nearest cent. (a) For Loan A, the interest rate is 7.25% per year and the loan term is 9...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A car is randomly selected at a traffic safety checkpoint, and the car has 6 cylinders. Determine whether the given values are from a discrete or continuous data set.
-
Two air-filled, parallel-plate capacitors are to be connected to a 10 V battery, first individually, then in series, and then in parallel. In those arrangements, the energy stored in the capacitors...
-
Using only reactions that we learned in this chapter, there are two different ways to prepare the following compound from benzene. Identify both ways, and then determine which way is likely to...
-
It is a Thursday. What day of the week will it be in 100 days?
-
Boston Celtics Limited Partnership II and Subsidiaries presented these consolidated statements of income for 1998, 1997, and 1996. Required a. Comment on Amortization of NBA Franchise and Other...
-
Capital Budget Request Assume that you are the HIM director at a University State Hospital. The hospital's mission is to be a center of excellence for cancer care. As a result, the hospital has a c...
-
Evaluate each of the following sums: (a) 1+2+3+...+152 + 153 (b) 1 +2+3+...+ 152 + 153 +++...+(52 + (153 +(-/-)152 (c) (d) 2 +6+ 18+...+2(3) 52 +2(3)153 (e) 1.2+2.3+3.4+...+152 153 + 153-154 1 1 1 1...
-
A harmonic sequence is a sequence with the property that every three consecutive terms (a, b and c, say) of the sequence satisfy Prove that the reciprocals of the terms of a harmonic sequence form an...
-
The Excel file Mortgage Rates contains timeseries data on rates of three different mortgage instruments. Assuming that the data are stationary, construct a 95% confidence interval for the mean...
-
At the end of Year 4, the city owed teachers $60,000 in vacation pay that had not been recorded. The assumption is that these vacations will be taken evenly over the next year. A 60-day period is...
-
In each of the following unrelated circumstances, explain what course of action a CPA should follow in order to discharge his or her professional and ethical responsibilities: 1. Nobles is employed...
-
Humdrum Company is worried about cash flows. The company has \($1,000\) in cash at the start of February. Januarys total sales were \($20,000\) and total sales in February are expected to be...
-
The following questions relate to evidential matter and work papers. Select the best response. a. Audit evidence can come in different forms with different degrees of persuasiveness. Which of the...
-
Indicate which one item in each of the following groups of items of evidence you would consider to be of superior reliability, and briefly explain why. 1 In support of the recorded cost of purchased...
-
Discuss courage as a requirement for ethical behavior. What personal examples can you offer, either as an actor or as an observer? What examples are in the news?
-
According to a New York Times columnist, The estate tax affects a surprisingly small number of people. In 2003, . . . just 1.25 percent of all deaths resulted in taxable estates, with most of them...
-
Compute ave for H 2 O, HOD, and D 2 O. Do you need to perform the same calculation each time, or can you derive an expression that relates the ratio of average speeds for two gases to their...
-
Compare the average speed and average kinetic energy of O 2 with that of CCl 4 at 298 K. M o2 = 0.0320 kg mol -1 MccI 4 = 0.154 kg mol -1
-
How far on average does O 2 travel in 1 second at 298 K and 1 atm? How does this distance compare to that of Kr under identical conditions?
-
urses/96749/quizzes/421696/take/questions/6594835 Question 8 0.1 pts Use the table below to answer the following questions: 4 5 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Period...
-
Equivalent units are tracked separately for which two categories of costs? Question 11 options: a) Direct materials and indirect materials. b) Direct materials and conversion cost. c) Finished goods...
-
The budget allowed for a cost center for the most recent fiscal year was $800,000. The actual cost for the most recent fiscal year was $720,000. The manager responsible for the cost center did better...
Study smarter with the SolutionInn App