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The equation V=211000 (1.08)tV=211000 (1.08)t represents the value (in dollars)of a house t years after its purchase.
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The equation V=211000 (1.08)tV=211000 (1.08)t represents the value (in dollars)of a house t years after its purchase.

The equation V=211000 (1.08)tV=211000 (1.08)t represents the value (in dollars)of-example-1
The equation V=211000 (1.08)tV=211000 (1.08)t represents the value (in dollars)of-example-1
The equation V=211000 (1.08)tV=211000 (1.08)t represents the value (in dollars)of-example-2
User Boris Pavlovic
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1 Answer

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We will have the following:

The value of this house is increasing at a rate of 8 percent per year.

The purchase price of the house was $211 000 dollars.

User Hammar
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4.1k points
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