### Home > A2C > Chapter 7 > Lesson 7.2.4 > Problem 7-147

7-147.

Suppose that a two-bedroom house in Nashville is worth

How much will it be worth in

years? General form:

Let

number of years andvalue of house. Write an equation using the general form of the exponential equation.is the initial value of the house, andis the multiplier.When will it be worth

? Using the equation in part (a), guess and check values for

. Your answer will be approximate.In Homewood, houses are depreciating at a rate of

each year. If a house is worth now, how much will it be worth two years from now? Write another equation. Note that the value is depreciating this time.