### Home > CCA2 > Chapter 7 > Lesson 7.2.4 > Problem7-166

7-166.

A two-bedroom house in Seattle was worth $400{,}000$ in $2005$. If it appreciates at a rate of $3.5\%$ each year:

1. How much will it be worth in $2015$?

Write an equation based on the general exponential equation: $y = ab^{x}$

about $564{,}240$

2. When will it be worth $800{,}000$?

In the equation you found in part (a), let $y = 800{,}000$.

in $2025$

3. In Jacksonville, houses are depreciating at $2\%$ per year. If a house is worth $200{,}000$ now, how much value will it have lost in $10$ years?

The multiplier is NOT $0.02$. What percent of the value of a home remains each year if it is depreciating at $2\%$?

about $36{,}585$