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Mike and Beatrice purchase a house for $200,000. If the equation V = 200,000(1.03)x represents the value of the house after x years, how many years will it take the house to be worth approximately $225,
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Mike and Beatrice purchase a house for $200,000. If the equation V = 200,000(1.03)x represents the value of the house after x years, how many years will it take the house to be worth approximately $225,000?

User Zamblek
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2 Answers

1 vote

Answer:4 years


Explanation:


User David Gunderson
by
8.1k points
4 votes
X=((log(225000/200000)/log(1.03))
X=log(225,000÷200,000)÷log(1.03)
X=3.98 years
User Robin He
by
7.4k points
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