The price of houses increases at 10% per year. Show that the price P n in the

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The price of houses increases at 10% per year. Show that the price P_n in the nth year satisfies the recurrence relation

A house is currently priced at £80 000. What was its price two years ago? What will be its price in five years’ time? After how many years will its price be double what it is now?

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Modern Engineering Mathematics

ISBN: 9781292253497

6th Edition

Authors: Glyn James

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Question Posted: Jan 13, 2024 09:04 AM

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The price of houses increases at 10% per year. Show that the price P n in the

Question:

Pn+1 = 1.1Pn

Step by Step Answer:

We want to find Po so that P 80 000 10 Pn1 Pn P 100 11Pn therefore P 11Po Taking ...View the full answer

Modern Engineering Mathematics

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