317,511 views
7 votes
7 votes
So Maurice just bought a new home. The home can be represented by the function y = 200,000(1.025)^x. What is the growth rate of the value of Maurice's home each year after 2000 and what would the property value of Maurice's home be after 40 years?

User Betti
by
2.6k points

1 Answer

23 votes
23 votes
The growth would be 2.19 after each year
User Wassertim
by
2.9k points