Question

A house appreciates (grows in value) about 6% each year. If the house is now worth $158,000, in about how many years will it be worth $200,000? Use the equation 200,000 = 158,000(1.06)^x to solve the problem. Round to the nearest year

Answer 1

X=log(200,000÷158,000)÷log(1.06)
X=4 years