Question

You bought a house for 450,000 it’s value increased by 6% every year how can I make an equation

Answer 1

450,000 + (2,250 * 12)

Explanation:

450,000 +6% =477,000 or plus 27,000

27,000/12 = 2,250

so you are seeing an increased value of 2,250 dollars per month, so if you add 2,250 every month you will see 27,000.

hopefully this helps

Answer 2

`\qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\dotfill &450000\\ r=rate\to 6\%\to (6)/(100)\dotfill &0.06\\ t=years \end{cases} \\\\\\ A = 450000(1 + 0.06)^(t) \implies \boxed{A = 450000( 1.06 )^(t)}`