A house was valued at $95,000 in the year 1989. The value appreciated to $165,000 by the year 2008. A) What was the annual growth rate between 1989 and 2008? r = Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? r = %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2012 ? value = $ Round to the nearest thousand dollars.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 17PFA
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A house was valued at $95,000 in the year 1989. The value appreciated to $165,000 by the year 2008.
A) What was the annual growth rate between 1989 and 2008?
Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
%.
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the
year 2012 ?
value = $
Round to the nearest thousand dollars.
Transcribed Image Text:A house was valued at $95,000 in the year 1989. The value appreciated to $165,000 by the year 2008. A) What was the annual growth rate between 1989 and 2008? Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? %. C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2012 ? value = $ Round to the nearest thousand dollars.
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