Saturday
April 19, 2014

Homework Help: Algebra II

Posted by Lucy on Saturday, March 29, 2008 at 6:49pm.

last 2 for tonight

Express log6(19) in terms of common logarithms. Then approximate its value to four decimal places.

Answer:
log19/log6=1.6433

In a certain area, the sale price of new single-family homes has increased 4.1% per year since 1992. If a house was purchased in this area in 1992 for $75,000 and the growth continues, what will be the sale price in 2006? Use y=a(1+r)^t and round to the nearest cent.

Answer:
y=75,000(1+0.041)^14
y=75,000(1.041)^14
y=75,000(1.755)
y=$131625.00

Thanks

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