A house bought ten years ago for $150,000 was sold for $240,000 this year. Which of the
Question:
A house bought ten years ago for $150,000 was sold for $240,000 this year. Which of the following equations can be used to solve the annual growth rate r of the value of the house?
Transcribed Image Text:
(1+1) A) 240,000=150,000(1+- 10 B) 240,000 150,000(1+107) C) 240,000=150,000(1+7) ¹⁰ D) 240,000=150,000(7-)¹0
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
C For the price of a house to increase at an annual growth rate o...View the full answer
Answered By
Mahesh G
I have more than 7 years of experience in teaching physics, mathematics and python programming to more than 600 students including both online and offline tutoring.
I follow the following 7 step fundamental approach towards tutoring.
1. Curiosity, scope, enlightenment of the topic in hand.
2. Problem Definitions and elaboration.
3. Requisite mathematics, analytical abilities and quantitative
aptitude.
4. Preparing Algorithms for problem statement.
5. Concepts with analogies and building algorithm.
6. Introspection and improvising.
7. Daily class wise Cheat sheets(its not cheating) for consolidation.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
The lower-of-cost-or-net realizable value rule for inventory is an example of the application of: (a) the conservatism convention. (b) the historical cost principle. (c) the materiality concept. (d)...
-
On March 1, 2004, Seagram Co. CEO Edgar Bronfman, Jr., purchased Warner Music Group for $2.6 billion. The next day he fi red 1,000 salaried employees and reduced top executives salaries, slashing...
-
When f(x) = x 3 + ax 2 + bx + 10 is divided by (x + 1), there is no remainder. When it is divided by (x 1), the remainder is 4. Find the values of a and b.
-
identify problems and barriers that can occur in communication,
-
White Products wishes to purchase goods in one month for sale in the next. On March 31, the company has 8,000 portable music players in stock, although sales for the next month (April) are estimated...
-
Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two...
-
The graph shows the size of a certain insect population over 25 days. The population at time t = 0 was 100. A biologist used the equation to model the population. What is the value of din the...
-
If x 2 - 3/2 x + c = (x - k) 2 , what is the value of c?
-
Lululemon focuses much of its efforts on the legacy that it will leave behind (the legacy it is creating now for future generations). Throughout the years, Lululemon has created a culture of...
-
Let $x$ and $y$ be two elements of the five-dimensional complex vector space $\mathbb{C}^{5}$, and let $A$ be a set, such that each of its elements can be written as $(\alpha x+\beta y)$, with...
-
Why were criminal charges made against the auditors in the Continental Vending case?
-
For each of the following situations, indicate whether the auditor would use a primarily substantive approach or a lower control risk approach for most or all of the assertions. Give reasons for your...
-
Describe the four suggestions made by the SEC after an investigation into the McKesson \(\mathcal{O}\) Robbins case.
-
Consider the two groups $G_{1}=\mathrm{SO}(3)$ and $G_{2}=\mathrm{U}(1)$ and a surjective mapping $\mu: G_{1} ightarrow G_{2}$. Discuss whether, in general, $\mu$ is a homomorphism, or not.
-
Suppose Dan's cost of making pizzas is Dan is a price taker. What is Dan's supply function? What if Dan has an avoidable fixed cost of $10? Q? 40 de-4Q+
-
Consider the discrete group G of order 8 that has the following Cayley diagram e If we have the sequence of operations: fcagec, which of the options represents the reduction of the sequence to a...
-
Suppose we are uncertain whether a normal distribution provides a good fit to the distribution of age at spermatogenesis. Answer this question using the results from Problems 10.4710.49. (Assume that...
-
Suppose mean age at spermatogenesis = 13.67 years, with standard deviation = 0.89 years and we assume that the age at spermatogenesis follows a normal distribution. The pediatrician would like to...
-
If we assume that all boys have no sperm cells at age 11 (11.0 years) and all have sperm cells at age 18, then estimate the probability of first developing sperm cells at ages 12 (i.e., between 12.0...
-
If the fixed capital balances method ( method 2 ) is used to account for partnership equity, both the profit or loss and the partner's drawings are closed to the: a . partners' capital accounts. b ....
-
Job Costing at Amazon Amazon is tracking the costs for a new project. Values: Cost Element Amount Direct Materials $3,000,000 Direct Labor $1,500,000 Overhead Rate 150% of Direct Labor Requirements:...
-
( i ) Exercise 1 2 - 1 Payback Method [ LO 1 2 - 1 ] The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: \ table [ [ Year ,...
Study smarter with the SolutionInn App