Find the amount of the house after three years

Reference no: EM1319341

Question: The homes in a popular neighborhood are growing in value according to the formula V (t) = V0 (9/8)t, where t is the time in years, V0 is the purchase price of the home, and V(t) is the current value of the home.

[A] In three year, how much will a USD 50,000 home be worth?
[B] Apply the TABLE feature of your calculator to estimate how many years (to the nearest year) until the doubles in value.

Reference no: EM1319341

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