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A three bedroom house in Burnsville sold for 190000. If housing prices are expected to increase 1.8% annually in that town, write an explicit formula that models the prices of the house in t years. Find
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A three bedroom house in Burnsville sold for 190000. If housing prices are expected to increase 1.8% annually in that town, write an explicit formula that models the prices of the house in t years. Find the price of the house in 5 years.

User Shnkc
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1 Answer

4 votes

Answer:

T=190,000(0.018)(5)

T=190,000+17,100

T=207,100

User GChorn
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