5. Nicki just bought a house priced at $245,000. If home prices are increasing by 3.5% each year:
a) Write an equation that will calculate the value of her house in future years.
b) What will Nicki's house be worth in 4 years?

a)

b) Nicki's house is worth $281,143 in 4 years

Step-by-step explanation:

Exponential Growth Function

The exponential function is commonly used to model natural growing or decaying processes where the change is proportional to the actual quantity.

An exponential growth function is expressed as:

Where:

C(t) is the actual value of the function at time t

Co is the initial value of C at t=0

r is the growth positive rate, expressed in decimal

Nicki paid Co=$245,000 for a house and it's known that home prices increase by r=3.5%=0.035 each year.

a)

Substituting the given values, the equation is:

b) The value of Nicki's house in t=4 years is:

Nicki's house is worth $281,143 in 4 years

i would pic false cause it goes down towards negative

step-by-step explanation:

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column