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Joe bought a house for $200,000. The value of the house can be represented by the formula V = 200,0 t represents the number of years since Joe purchased the home. About how many…

Joe bought a house for $200,000. The value of the house can be represented by the formula V = 200,0 t represents the number of years since Joe purchased the home. About how many…
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Joe bought a house for $200,000. The value of the house can be represented by the formula V = 200,0

t represents the number of years since Joe purchased the home. About how many years will it take for
home to be worth more than twice its purchase price?

asked
User Acrophobia
by
7.9k points

1 Answer

8 votes

21

The value of the home after 21 years is 200,000(1.035)^21=411,886.29

answered
User Pedro Perez
by
8.8k points
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