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


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

  1. How much is the house worth in 2015?

    Write an equation based on the general exponential equation:


  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 ?