The Martins bought a house this year for $300,000. If the value of the house rises 4% each year, what will be the approximate value of the house in 15 years?

the approximate value of the house in 15 years is 540283

Step-by-step explanation:

If the value of the house rises 4% each year, then the growth rate is exponential. We would apply the formula for exponential growth which is expressed as

A = P(1 + r)^t

Where

A represents the value of the house after t years.

t represents the number of years.

P represents the initial value of the house.

r represents rate of growth.

From the information given,

P = $300,000

r = 4% = 4/100 = 0.04,

t = 15 years

Therefore

A = 300000(1 + 0.04)^15

A = 300000(1.04)^15

A = 540283 to the nearest whole number

17   x 256=4352

sorry if this is wrong, i'm new.

step-by-step explanation:

so what is the problem what are they asking you to solve

step-by-step explanation:

so what is the problem what are they asking you to solve