Posted by **Hannah** on Friday, February 22, 2013 at 11:20am.

The price in dollars of a house during a period of mild inflation is described by the formula P(t)=94000 e0.03 t, where t is the number of years after 1990. Answer the following questions:

B. In the year 2000 the value will be increasing at a rate of dollars per year. (Round your answer to the nearest dollar.)

C.How long will it take for a house to double in value? Answer: years. (Round your answer to two decimal places.)

## Answer This Question

## Related Questions

- math - The price in dollars of a house during a period of mild inflation is ...
- Math - 2.The price of products may increase due to inflation and decrease due ...
- algeba - The price of products may increase due to inflation and decrease due ...
- algebra - The price of products may increase due to inflation and decrease due ...
- algebra 2 - When inflation causes the price of an item to increase the new cost ...
- Algebra - rate of change help - The price of products may increase due to ...
- Math - 1.A scientist is studying the growth of a particular species of plant. He...
- calc - A new software company wants to start selling DVDs with their product. ...
- math - the formula S=c(1+r)^2 models inflation, where C= the value today, r=the ...
- Math - A house cost $85,000. The price of the house will raise 5% each year. If...

More Related Questions