### Home > INT2 > Chapter 6 > Lesson 6.2.5 > Problem6-95

6-95.

A house purchased for $135{,}000$ has an annual appreciation of $4\%$.

1. Write a function to represent the value of the house $t$ years after the house was purchased. Describe the meaning of each value in the function.

$f(t) = 135000(1.04)^t$

2. At the current rate of appreciation, what will be the value of the house in $10$ years?

Let $t = 10$ in your equation.