A house bought ten years ago for $150,000 was sold for $240,000 this year. Which of the
Question:
A house bought ten years ago for $150,000 was sold for $240,000 this year. Which of the following equations can be used to solve the annual growth rate r of the value of the house?
Transcribed Image Text:
(1+1) A) 240,000=150,000(1+- 10 B) 240,000 150,000(1+107) C) 240,000=150,000(1+7) ¹⁰ D) 240,000=150,000(7-)¹0
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
C For the price of a house to increase at an annual growth rate o...View the full answer
Answered By
Mahesh G
I have more than 7 years of experience in teaching physics, mathematics and python programming to more than 600 students including both online and offline tutoring.
I follow the following 7 step fundamental approach towards tutoring.
1. Curiosity, scope, enlightenment of the topic in hand.
2. Problem Definitions and elaboration.
3. Requisite mathematics, analytical abilities and quantitative
aptitude.
4. Preparing Algorithms for problem statement.
5. Concepts with analogies and building algorithm.
6. Introspection and improvising.
7. Daily class wise Cheat sheets(its not cheating) for consolidation.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
The lower-of-cost-or-net realizable value rule for inventory is an example of the application of: (a) the conservatism convention. (b) the historical cost principle. (c) the materiality concept. (d)...
-
On March 1, 2004, Seagram Co. CEO Edgar Bronfman, Jr., purchased Warner Music Group for $2.6 billion. The next day he fi red 1,000 salaried employees and reduced top executives salaries, slashing...
-
A contour map of a function is shown. Use it to make a rough sketch of the graph of f .
-
Write a Monte Carlo code for a system of \(N\) hard spheres of diameter \(D\) on a one-dimensional ring of length \(L\) with periodic boundary conditions. Calculate the pair correlation function and...
-
In 2012, Amirante Corporation had pretax financial income of $168,000 and taxable income of $120,000. The difference is due to the use of different depreciation methods for tax and accounting...
-
Using less human effort, less manufacturing space, less investment in tools, and less engineering time is the basic premise of Blank______. Multiple choice question. flexible manufacturing mass...
-
The graph shows the size of a certain insect population over 25 days. The population at time t = 0 was 100. A biologist used the equation to model the population. What is the value of din the...
-
If x 2 - 3/2 x + c = (x - k) 2 , what is the value of c?
-
Calculate the derivative of the following functions. y = sin (sin (e x ))
-
The Road agency is planning to build a new bridge and is considering two distinct configurations. The initial costs and annual costs and benefits for each bridge are shown in the following table. The...
-
MF Corp. has an ROE of 17% and a plowback ratio of 55%. The market capitalization rate is 15%. a. If the coming years earnings are expected to be $2.10 per share, at what price will the stock sell?...
-
Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management. True or False
-
solve 2 5-5 sin e S S r drde 0 0
-
The following information is taken from SecureNow case study. What should be the (approximate) enterprise value of SecureNow (in million INR), if its EBITDA is 7.3 million INR? Answer this question...
-
The rate law for a reaction can be determined only from experiment and not from the balanced equation. Two experimental procedures were outlined in this chapter. What are these two procedures?...
-
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
-
Suppose we are uncertain whether a normal distribution provides a good fit to the distribution of age at spermatogenesis. Answer this question using the results from Problems 10.4710.49. (Assume that...
-
Suppose mean age at spermatogenesis = 13.67 years, with standard deviation = 0.89 years and we assume that the age at spermatogenesis follows a normal distribution. The pediatrician would like to...
-
If we assume that all boys have no sperm cells at age 11 (11.0 years) and all have sperm cells at age 18, then estimate the probability of first developing sperm cells at ages 12 (i.e., between 12.0...
-
August 3rd Issued and sold $500,000 10-year 3% bonds. Interest will be paid on a semiannual basis. Market interest on bond issue date was 3.75%. Show the necessary computations including the schedule...
-
A high school guidance counselor administers a personality assessment based on the 16 personalities framework to a group of students. Each student receives their individual personality type,...
-
1. In the diagram below, line AB is parallel to line CD, that is, LAB II LCD- The measure of LABC is 28, and the measure of LEDC is 42. Find the measure of CED. Explain why you are correct by...
Study smarter with the SolutionInn App