Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the year 1985, a house was valued at $104,000. By the year 2005, the value had appreciated to $146,000. What was the annual growth
In the year 1985, a house was valued at $104,000. By the year 2005, the value had appreciated to $146,000. What was the annual growth rate between 1985 and 2005?
Assume that the value continued to grow by the same percentage. What was the value of the house in the year 2010?
Round your answers to two decimal places.
The annual growth rate between 1985 and 2005 is ____________%
The value of the house in the year 2010 is ____________.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started