The value of a $225,000 house increases at a rate of 3.5% each year. Use a graph to predict the value of the house in 8 years.

A) ≈ $276,582

B) ≈ $286,263

C) ≈ $306,652

D) ≈ $296,282

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11 December, 09:39

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Kamila Hess · Answer 1

The growth function is

V (t) = V0 (1+r) ^t

V (t) ?

V0 225000

R 0.035

T 8 years

V (8) = 225,000 * (1+0.035) ^ (8)

V (8) = 296,282

The value of a $225,000 house increases at a rate of 3.5% each year. Use a graph to predict the value of the house in 8 years.A) ≈ $276,582B) ≈ $286,263C) ≈ $306,652D) ≈ $296,282