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The value of a house over time is represented by the function v(t)=2,450,000(1.08)^t. Where t is the time in years. What is the rate of increase.

The value of a house over time is represented by the function v(t)=2,450,000(1.08)^t. Where t is the time in years. What is the rate of increase.
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The value of a house over time is represented by the function v(t)=2,450,000(1.08)^t. Where t is the time in years. What is the rate of increase.

asked
User Sparkplug
by
8.0k points

1 Answer

4 votes

Answer:2646000


Explanation:

2450000(1.08^1)

=(2450000)(1.08)

=2646000

answered
User Jessie Emerson
by
8.7k points
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