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Fifteen years ago, Russell bought his house for $141,000. The house’s property value has decreased by 1.6% per year ever since then. If Russell sells his house, how much is it worth, to the nearest hundred
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Fifteen years ago, Russell bought his house for $141,000. The house’s property value has decreased by 1.6% per year ever since then. If Russell sells his house, how much is it worth, to the nearest hundred dollars? a. $110,700 b. $107,200 c. $67,100 d. $37,900 Please select the best answer from the choices provided A B C D

User Splatto
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2 Answers

3 votes

Answer:

The best choice will be letter d.

$141,000e^(1.6)(50) = $34,918

User Tony Tom
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7.0k points
1 vote

Answer:

A. 110,700

Explanation:

User WeSt
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8.0k points
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