Question

Sean’s house is currently worth $188,900 according to the realtor house prices and Shawn‘s neighborhood will increase by 4.8% every year the given function represents the value of Shauns house after t years

Answer 1

.048t = 188,900 (This side will have the total increase after being divided by % and X amount of years)

Answer 2

The expression (1.0118)^{4t} reveals the approximate quarterly growth rate of the value of Sean's house.