Ask Question
12 October, 19:10

Property value A piece of property sells for $64,000. The value of property doubles every 15 years. A model for the value V of the property t years after the date of purchase is

V (t) = 64,000 (2) t/15.

Use the model to approximate the value of the property (a) 5 years and (b) 20 years after it is purchased.

+3
Answers (1)
  1. 12 October, 19:16
    0
    a) $ 80635, b) $ 161270

    Step-by-step explanation:

    The model after t years is represented by:

    V (t) = 64,000 (2) ^t/15

    a) when t was five years

    V (t) = 64,000 (2) ^5/15 = approx $ 80635

    b) when t is 20 years

    V (t) = 64,000 (2) ^20/15 = approx $ 161270
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Property value A piece of property sells for $64,000. The value of property doubles every 15 years. A model for the value V of the property ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers