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Home > INT3 > Chapter 7 > Lesson 7.2.5 > Problem 7-111

7-111.

A two-bedroom house in Seattle was worth in 2005. Its appreciation rate is each year. Homework Help ✎

  1. How much is the house worth in 2015?

    Write an equation based on the general exponential equation:

    about

  2. When will it be worth ?

    Using the equation you wrote in part (a), let .

    in 2025

  3. In Jacksonville, houses are depreciating at per year. If a house is worth now, how much value will it have lost in years?

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

    about