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24 December, 01:50

Mike and Beatrice purchase a house for $200,000. If the equation V = 200,000 (1.03) x represents the value of the house after x years, how many years will it take the house to be worth approximately $225,000?

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  1. 24 December, 02:01
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    X = ((log (225000/200000) / log (1.03))

    X=log (225,000:200,000) : log (1.03)

    X=3.98 years
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