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A 200,000 house appreciates in value 10% a year. An equation used to represent this is y = 200000*1.10t. Write an expression to represent the monthly appreciation.

A 200,000 house appreciates in value 10% a year. An equation used to represent this is y = 200000*1.10t. Write an expression to represent the monthly appreciation.
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A 200,000 house appreciates in value 10% a year. An equation used to represent this is y = 200000*1.10t. Write an expression to represent the monthly appreciation.

User Yoeriboven
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2 Answers

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y*1.10t=220,000=200000*1.10t=220,000
User Tim Goodman
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4 votes

The answer is y=200000(1.008)^12t

User Tim Long
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