Question

The function H(t)=260,000(1.038)^t represents the value of a house t years after it was purchased.

Complete the sentence.
The house's value is increasing at a rate of _% each year, and its purchase price was $_
.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The house's value is increasing at a rate of 3.8% each year, and its purchase price was $260,000.