Question

PLEASE HELP!!! THIS IS DUE TODAY!

A three-bedroom house in Burbville was purchased for $210,000. Housing prices are expected to increase 2% annually in that town. Find the price of the house in 5 years. Show your equation (2 points), and then your answer (2 points).

Answer 1

Answer: y=210000(1+0.02)^5

y=231856.97

Explanation:

210000 is the total cost and it increases by two percent and its asking how much it will be in 5 years so when you plug in the equation you should get y=231856.97.

Hope this helped

Answer 2

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