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A house appreciates (grows in value) about 6% each year. If the house is now worth $158,000, in about how many years will it be worth $200,000? Use the equation 200,000 = 158,00…
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A house appreciates (grows in value) about 6% each year. If the house is now worth $158,000, in about how many years will it be worth $200,000? Use the equation 200,000 = 158,00…
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Mar 21, 2018
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A house appreciates (grows in value) about 6% each year. If the house is now worth $158,000, in about how many years will it be worth $200,000? Use the equation 200,000 = 158,000(1.06)^x to solve the problem. Round to the nearest year
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Fabian Rost
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X=log(200,000÷158,000)÷log(1.06)
X=4 years
CoryT
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Mar 25, 2018
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