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Joe bought a house for $200,000. The value of the house can be represented by the formula V = 200,0 t represents the number of years since Joe purchased the home. About how many years will it take for
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Joe bought a house for $200,000. The value of the house can be represented by the formula V = 200,0

t represents the number of years since Joe purchased the home. About how many years will it take for
home to be worth more than twice its purchase price?

User Acrophobia
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3.5k points

1 Answer

8 votes

21

The value of the home after 21 years is 200,000(1.035)^21=411,886.29

User Pedro Perez
by
3.8k points
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