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The average price of a home in a town was $175, 000 in 2007 but home prices are rising by 7 % per year.

a. Find an exponential function of the form Q=Q0*(1+R)^T (where r > 0) for growth to model the situation described

 

Q=$___*(1+___)^t

type an integer or a decimal

 
Guest Dec 7, 2017
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Q  = 175000 ( 1 + .07)^t     ...... where t is the number of years after 2007

 

 

cool cool cool

 
CPhill  Dec 7, 2017

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