135k views
5 votes
Due to crime rates in a certain city, home values depreciate by 4% each year. If

a home was purchased $315,000, which equation best describes the value of
the home in t years
a) y = 315,000(0.04)*
b) y = 315,000(0.96)*
c) y = 315,000(1.04)*
d) y = 315,000(1.96)*

Due to crime rates in a certain city, home values depreciate by 4% each year. If a-example-1

1 Answer

9 votes
It is C, when you have rate you convert it into decimal form so 4%=0.04 and in your parentheses you add 1 to the decimal. Good luck on your test and hope this helps!
User Chris Perkins
by
7.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories