I need the answer for A B C D and E A certain house costs



I need the answer for A , B , C , D and E

A certain house costs $285 Doo. It is estimated that the price of the house will rise 5 each year. If the prices actually rise at that rate, what will the price, P, of the house equal in years? a Fill in the table below for the price of the horse in each yearaferthe start bear Years Price of House b, Explain how yors calculated the price of the house for each year.

Solution

Dear Student Thank you for using Chegg !! Given cost of a house in a particular year = 2,85,000.00 $ Rate of rise of cost per year = 5% each year Years Price of House 0                        2,85,000.00 1                        2,99,250.00 2                        3,14,212.50 3                        3,29,923.13 4                        3,46,419.28 Hence after y years the cost shall be P = 285000(1.05)^y (1) Solution b) Price of the house each year has been calculate by using the same principle as compound interest. Since price is e=increasing at a rate of 5% over the price of previous years So price of next year = previous year price + 0.05*previous year price General formulae for yth year has been deviced in equation (1) Kindly nte that as per Chegg policies an expert can answer at most 1 question at a time. Thank you
 I need the answer for A , B , C , D and E A certain house costs $285 Doo. It is estimated that the price of the house will rise 5 each year. If the prices actu

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