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Help me pls, solve it using the arithmetic or geometric formula​

Help me pls, solve it using the arithmetic or geometric formula​-example-1

1 Answer

4 votes

Answer:P2,700,000

Explanation:

P100,000 must be added to the purchase price every year from 2009 to 2021. A formula calculating the value, V, as a function of time, t, where t is years since 2009, would be:

V(t) = P1,500,000 + (t - 2009)*(100,000)

V(2021) = P1,500,000 + (2021 - 2009)*(100,000)

V(2021) = P2,700,000

[Warning: This prediction assumes no housing bubble drop or general recession. It also assumes consistent government policies regarding home ownership. If there were a probability component to the question, it is likely that the overall probability is zero that this is calculation will hold true. This isn't important to answering the question, but it does allow me to vent a bit.]

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User Bhavya Kothari
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