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At the start of 2014 Tim's house was worth 100,000.
The value of the house increased by 10% every year.

Work out the value of his house at the start of 2018

Respuesta :

carlosego
For this case we have a function of the form:
 y = A * (b) ^ t
 Where,
 A: initial amount
 b: growth rate
 t: time
 Substituting values we have:
 y = 100000 * (1.10) ^ 4
 y = 146410
 Answer:
 the value of his house at the start of 2018 is:
 y = 146410

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