Mathematics

Duckling

5 March, 10:08

The value of a house is $165,000 and it loses 4% of its value every year.

A. Use the exponential decay formula below to write a function for the home's value, y, after t years.

y=A (1±r) ^t

B. Now use your formula to find the value of the home after 20 years. Round to the nearest dollar.

+1

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