Question

The worth of a house in 1975 is modeled by the equation y=30,000(1.09)^x. What will the house be worth in 2005?

Answer 1

Below in bold.

Explanation:

Here x = 2005 - 1975 = 30.

So in 2005 the house will be worth:

30,000(1.09)^30

= 39,830.