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The value of Desmond's home is modeled by the function V (x) = 275,000(1.09) ²/³x, where x is the number of years since 2012. By what approximate percentage rate is the value of Desmond's home increasing per year?

Respuesta :

mhanifa

Answer:

  • 6%

Step-by-step explanation:

Given function

  • V(x) = 275000(1.09)^(2/3x)

Every year the value is changing at the rate:

  • (1.09)^(2/3) = 1.059 ≈ 1.06

The rate of 1.06 is equivalent of 6% increase per year

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