5. The value of a home increases by 7% each year. Explain why the value of the home doubles approximately once each decade.

Answers

Answer 1

Answer:

Step-by-step explanation:

2x=x(1.07)^t

2=(1.07)^t

t=log2/(log 1.07) ≈10.2 4 years

so it doubles in approximately in  10.2 years

Answer 2

To solve the problem we must know about Compounding.

What is compounding?

Compounding is a process where the interest is credited to the initial amount and interest, on the whole, is charged again. and this continues for t period of time.

It is given by the formula,

[tex]A = P(1+r)^t[/tex]

where A is the value after t period of time,

P is the value of the asset at the beginning, and,

r is the rate of interest.

The value of the home doubles once each decade.


Given to us

The value of a home increases by 7% each year.

As it is given that the value of a home increases by 7% each year, therefore, the value of the home is compounding every year.

We know the formula of compounding,

[tex]A = P(1+r)^t[/tex]

Why does the value doubles?

Now, let's assume a house whose value is 'P' today, therefore, substitute the value of the house in the formula of compounding,

[tex]A = P(1+r)^t[/tex]

Substitute the rate at which the value is increasing,

[tex]A = P(1+0.07)^t[/tex]

We know that in a decade there are 10 years,

[tex]A = P(1.07)^{10}[/tex]

[tex]A = 1.967P\approx 2P[/tex]

As we can see that the value of the home is almost 2 times the 'P' therefore, twice the value of the home at the beginning.

Hence, the value of the home doubles once each decade.

Learn more about Compounding:

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Related Questions

Can Anybody Help Geometry Work Will Give Brainliest!

Answers

I believe y is 45 bc if you look at the whole angle not split up is 90 and 90*1/2 is 45
the answer is 45 or 55

Salary: $59,438
Starting age: 24
Ending age: 67

Answers

Answer:

2.6 million

have a good day!

PLEASE HELP WITH C---(40 pts) WILL GIVE BRAINLIEST FOR REAL ANSWERS

Answers

Answer:

all r same lol

Step-by-step explanation:

please mark me as brainliest

Answer:

A is 2

B is 1/2

C, I'm not really sure what it means

Step-by-step explanation:

Hope this helps! Please mark me brainliest

Pls help I need this answer asap I got 10 min left :(

Answers

Answer:

Step-by-step explanation:

Find value of x pleaseee

Answers

Answer:

Step-by-step explanation:

you can use the side angle side formula  ( a form of Law of Cosines)

a^2 = b^2 + c^2 − 2bc cos(A)

where x = a  , then

[tex]x^{2}[/tex] =  [tex]5^{2}[/tex] +[tex]3^{2}[/tex] - 2*5*3*cos(107)

[tex]x^{2}[/tex] = 25 + 9 - 30 * (-0.292371)

[tex]x^{2}[/tex] = 25 + 9 -8.7711511

x = 5.0228 cm

HELP ASAP WILL MARK BRAINLIEST

Answers

angle 1= 55°
you can find this by doing 180-125=55
you get the 180 because angle 1 and 2 are on a straight line and there’s a line in between that creates the angles. a straight line is always 180°
anyways the answer is 55°

Answer as quickly as you possibly can

Answers

Answer:

m = 3/2

Step-by-step explanation:

You want to find the slope, or the change in y coordinates over change in x-coordinates.

The first given point is E(-2, -4)

The second point is F(2, 2)

Coordinates are given in (x, y), so following the equation and computing the  x and y coordinates of E - F for both the numerator and denominator:

[tex]\frac{y_2 - y_1}{x_2-x_1} = \frac{-4 -2}{-2 -2} = \frac{-6}{-4} = \frac{3}{2}[/tex]

You could also have went the other way and calculated F - E for the numerator and denominator and get the same answer.

Finally, to check you can also look at the graph through the rise over run (rise/run) method and see that from E, you go up 3 (rise) and to the right 2 (run) to get to the next point on the line.

Find the missing measure of angle b (show all work)

Answers

Answer:

12:  138

13: 35

14: 49

Step-by-step explanation:

12: 180-42=138

13: 360-297-28=35

13: 90-41=49

Jeremy earned $33,000 after working for 44 weeks. How much money did Jeremy earn each week? Show Your Work

Answers

Answer: jimmy needs a new job

Step-by-step explanation:

What’s the answer?????

Answers

Answer:

3

Step-by-step explanation:

d = 2 and c = 3

12d - 7c

12(2)-7(3)

24 - 21

3

Answer:

3

Step-by-step explanation:

12d - 7c

d = 2

c = 3

Substitute the values into the equation.

(12 × 2) - (7 × 3)

= 24 - 21

= 3

Find the sum of all multiples of 7 lying between
500 & 900​

Answers

Answer:

Sₙ = 57/2 * (504 + 896) = 39900

Step-by-step explanation:

first multiple of 7 after 500 is: 72 *7 = 504

last multiple of 7 before 900 is: 128 *7 = 896

a₁ = 504

aₙ = 896  

where n = 128-72 +1 = 57

sum of arithmetic sequence: Sₙ = n/2 * (a₁ + aₙ)

Sₙ = 57/2 * (504 + 896) = 39900

i need help can someone explain this simply

Answers

In order to do this, you have to use the Pythagorean Theorem which is a^2 +b^2=c^2 It does not matter in what order a and b are, but c is always the hypotenuse or the side across from the right angle. First, you substitute 24 in for a and 45 in for b so your equation so far would look like 24^2 + 45^2 = c^2 Then, you square 24 and 45 and get 576+2025=c^2 Then you add the two to get 2601=c^2 Finally, you would square root both sides and get 51=c So the width of the recycling bin is 51 inches long

what can run but never walks, has a mouth but never talks, has a head but never weeps, has a bed but never sleeps?
============================================================
this is a riddle I know the answer but I just want to see peoples answer :)

Answers

Answer:

A river?

Step-by-step explanation:

The center is (2, 5) and the radius is 9
Give me work plsss

Answers

Answer:

[tex](x-2)^2+(y-5)^2=9^2[/tex]

Step-by-step explanation:

We use the equation

[tex](x-h)^2+(y-k)^2=r^2[/tex]

Now we plug in the numbers

(h, k) = center point (2, 5)

This would equal

[tex](x-2)^2+(y-5)^2=9^2[/tex]

PLSS HELPP 25 POINTS AND BRAINLIEST

Answers

Answer:

144

Step-by-step explanation:

9*3=27

27*4=108

6^2=36

108+36=144

Answer:

[tex]\Large \boxed{\sf 144 \ ft^2}[/tex]

Step-by-step explanation:

Find the area of the 4 triangles and 1 square and add them.

Area of triangle = base × height × 0.5

Area of square = s²

[tex](9 \times 6 \times 0.5\times 4)+(6^2)=144[/tex]

The hydrogen ion concentration (h+) in a certain cleaning compound is (h+)=3.2x10^-11 use the formula ph=-log(h+) to find the pH of the clean compound the pH is approximately

Answers

Answer:

The [tex]pH[/tex] of the clean compound is approximately 10.495.

Step-by-step explanation:

If the cleaning ion concentration of the cleaning compound is [tex][H^{+}] = 3.2\times 10^{-11}[/tex], then the [tex]pH[/tex], no unit, of the compound is:

[tex]pH = -\log_{10} [H^{+}][/tex]  (1)

[tex]pH = -\log_{10} (3.2\times 10^{-11})[/tex]

[tex]pH = -\log_{10} 3.2 - \log_{10} (10^{-11})[/tex]

[tex]pH = -\log_{10} \frac{32}{10} +11[/tex]

[tex]pH = -\log_{10} 32 + \log_{10} 10 + 11[/tex]

[tex]pH = -\log_{10} 32 +12[/tex]

[tex]pH \approx 10.495[/tex]

The [tex]pH[/tex] of the clean compound is approximately 10.495.

What are the sine and cosine of 4π/3?

Answers

Answer:

See below.

Step-by-step explanation:

Sin (4π/3) = -sqrt(3)/2

Cos(4π/3) = -1/2

if angle B is 50 degrees, what is the measure of angle D? (write the number only)

Answers

Answer:

50

Step-by-step explanation:

The mean number of books read
last year by a group of students is
normally distributed with a mean of 10
and a standard deviation of 6. If Austin
is 0.5 standard deviations below the mean
and Kaleigh is 2 standard deviations
above the mean, how many more books
did Kaleigh read than Austin?

Answers

Answer:

I thing Kaleigh read 1.5 more than Austin

Step-by-step explanation:

After driving for 2 hours, Juan is 110 miles from his home. After driving 5 hours, he is 275 miles from his home. What is his average rate of change?

Answers

Answer:

392

Step-by-step explanation:

The average rate of change will be "55 m/h".

According to the question,

→ After 2 hours (t₁),

Juan is 110 miles (d₁) from his home.

→ After 5 hours (t₂),

Juan is 275 miles (d₂) from his home.

→ The average rate of change will be:

= [tex]\frac{d_1+d_2}{t_1+t_2}[/tex]

By substituting the values, we get

= [tex]\frac{110+275}{2+5}[/tex]

= [tex]\frac{385}{7}[/tex]

= [tex]55 \ m/h[/tex]

Thus the above is the right solution.

Learn more about average rate of change here:

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Which of the following is the correct mapping for shape A and shape B?

Answers

Answer:

b. (x , y) -> (-x , y)

Step-by-step explanation:

Reflection over y axis

3a 1 = 2a
please help me solve this plz

Answers

Answer:

a = 0

Step-by-step explanation:

3a * 1 = 2a

3a = 2a

3a - 2a = 2a - 2a

a = 0

Roadsign cast of shadow that is 4 feet tall at the same time a 6 foot man standing next to the sign cast a shadow of those 2.4 feet long right and solve a proportion to find how tall the sign is

Answers

Answer:

10 feets

Step-by-step explanation:

Given that:

Road sign shadow (Rs) = 4 feets

Height of man (Hm) = 6

Man shadow (Ms) = 2.4 feets

Height of road sign (Hr) = x

Height of road sign / shadow of road sign = height of man / shadow of man

Hr/Rs = Hm / Ms

x / 4 = 6 / 2.4

Cross multiply :

4*6 = 2.4*x

24 = 2.4x

x = 24 / 2.4

x = 10 feets

Hence, height of road sign = 10 feets

A rectangle has dimensions 8 1/5 in by 13 in. A diagonal of the rectangle forms two matching right triangles. What is the area of one of the triangles.

The area of one of the triangle is ____ in.

Answers

Answer:

53.3 in^2

Step-by-step explanation:

Given data

Base B= 13in

Height H= 8 1/5 in= 41/5in

The expression for the area of a triangle is

Area= 1/2 Base * Height

Substitute

Area= 1/2* 13* 41/5

Area= 6.5*41/5

Area= 266.5/5

Area= 53.3 in^2

Hence the area is 53.3 in^2

somebody please help im giving 20 points and a brainliest !

Answers

Answer:

Initial is $26000

It's representing decay.

9.1% change each year.

can someone help me please

Answers

Answer:

3 peanut 9 choc chip

Step-by-step explanation:

she has 3 peanut butter cookies and 9 chocolate chip cookies

Please answer this
What is the volume of this birdfeeder? Round to the nearest tenth (if possible)

Answers

Answer:

14 in^3.

Step-by-step explanation:

The volume = volume of the bottom prism + volume of the top pyramid

= area of base * height of the prism + 1/3 * area of base * height of the pyramid

= 2 * 1.5 * 4 + 1/3 * (2*1.5) * 2

= 3*4 + 1/3 * 6

= 14 in^3.

Simplify (- sqrt x-4)^

Answers

Answer:

x-4

Step-by-step explanation:

A negative base raised to an even power equals a positive.

So you're left with sqrt x-4 ^2

Then reduce the index of the radical and the exponent with 2

x-4

Hope this helps

The correct expression will be ( x- 4 ). So option B is right.

What is an expression?

Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication, and division.

The expression will be solved as:-

E = ( - √(x-4))²

The product of two minuses is positive and the product of the same square root numbers will be the number so the equation will become.

E = -√(x-4) x -√(x-4)

E = x - 4

Therefore the correct expression will be ( x- 4 ). So option B is right.

To know more about Expression follow

https://brainly.com/question/723406

#SPJ2

y= 2x + 3
plz graph it quick.

Answers

answer: i cant show you how to graph it on here

explanation: however you can down load the app “m a t h w a y s” or “p h o t o m a t h” and it will show you

ps can you plz give me a brainly

Use photo math, it will show you a graph of the answer

please help i'll give brainliest

Answers

Step-by-step explanation:

24m , 75 m . 54 ,

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