Question

Jonathan and Sarah purchased a beach house for $10,000,000. The home appreciates at a rate of 3% per year. The appreciation of the house is shown in the graph. The home is currently worth about $13,000,000. Jonathan and Sarah have owned the home for about ______ years.

Answer 1

9

Explanation:

Answer 2

10,000,000 + 10,000,000(.03x) = 13,000,000

10,000,000(.03x) = 3,000,000

300,000x = 3,000,000

x = 10

10 years