The median house price in Waterloo Region increased by 3.6% from Jan 1, 2018 to Jan 1, 2019. A home
was purchased in Waterloo Region on April 1, 2019 for $600,000.

(a) Assume this trend continues, write an exponential equation that models the Resale Value of this
home over time.

(b) At this rate, determine the date of the resale price of the home would reach $1 million (Show your
work to accurate to the nearest month)

(c) Use your exponential equation to determine the expected resale value of the home on April 1, 2020.

Answers

Answer 1

Answer:

The right answer is:

(a) [tex]P(t) = P_o \ e^{0.03536t}[/tex]

(b) [tex]t = 14 \ years \ 6 \ months[/tex]

(c) [tex]P(t) = =621,595.6[/tex] ($)

Step-by-step explanation:

Given:

House price increment rate,

= 3.6% annually

(a)

Let the exponential equation will be:

⇒ [tex]P(t) = P_o e^{Kt}[/tex]

here,

t = 0

P = P₀

t = 1 yr

then,

[tex]P(1) = P_o +3.6 \ persent \ P_o[/tex]

        [tex]=1.036 \ P_o[/tex]

now,

⇒ [tex]1.036 P_o = P_o \ e^{K.1}[/tex]

 [tex]ln(1.036) = K[/tex]

            [tex]K = 0.03536[/tex]

Thus, the exponential equation will be "[tex]P(t) = P_o \ e^{0.03536t}[/tex]".

(b)

We know,

[tex]P_o = 600,000[/tex] ($)

[tex]P(t) = 10,00,000[/tex] ($)

∵ [tex]P(t) = P_o \ e^{0.03536t}[/tex]

   [tex]1000000=600000 \ e^{0.03536 t}[/tex]

              [tex]\frac{5}{3}= e^{0.03536 t}[/tex]

        [tex]ln(\frac{5}{3} )=0.03536 t[/tex]

       [tex]\frac{\frac{0.5}{0825} }{0.03536} =t[/tex]

                [tex]t = 14.45 \ years[/tex]

or,

                [tex]t = 14 \ years \ 6 \ months[/tex]

(c)

[tex]P_o=600,000[/tex] ($)

[tex]t = 1 year[/tex]

Now,

⇒ [tex]P(t) = P_o \ e^{0.03536 t}[/tex]

           [tex]=600000 \ e^{ 0.03536\times 1}[/tex]

           [tex]=621,595.6[/tex] ($)


Related Questions

Find the following products :-
( -7 x² ) × 2 y
please give answer immediately
and give it correct
please don't write incorrect answer​

Answers

Answer:

- 14x²y

Step-by-step explanation:

Given

- 7x² × 2y

= - 7 × 2 × x² × y

= - 14x²y

(-7X2) = -14
X^2 x y = x^2y
Therefore (-7x^2) x 2y = 14x^2y

The step function f(x) is graphed
What is the value of ( -1)?
3
4
0 1
3
0 0
2
1
1
.
-4-3-2
1
2
3
4
5 6
X
-2

Answers

-4-3-2

1

2

3

4

5 6

x

-2gbhdfcjfghu

please answer this
simplify it too

Answers

Answer:

x^2 +3x

Step-by-step explanation:

The outer rectangle has an area of

A = l*w = (4x)*(x+2) = 4x^2 +8x

The inner rectangle has an area of

A = (3x+5)*x = 3x^2 +5x

Subtract the inner rectangle from the outer rectangle

Shaded area = 4x^2 +8x - ( 3x^2 +5x)

Distribute the minus sign

                       =4x^2 +8x -  3x^2 -5x

Combine like terms

                       = x^2 +3x

Expand.
Your answer should be a polynomial in standard form.

Answers

Answer:

-p^4 + 4p^3 - 5p^2 + 8p - 6

Step-by-step explanation:

Distribute the -p^2 to the p^2 and the 2. Then distribute the 4p to the p^2 and the 2. Then distribute the -3 to the p^2 and the 2.

When we expand:

-p^4 - 2p^2

+ 4p^3 + 8p

-3p^2 - 6

Group, ordering from highest to lowest "degree" (exponent).

-p^4 + 4p^3 - 2p^2 - 3p^2 + 8p - 6

Combine like terms.

-p^4 + 4p^3 - 5p^2 + 8p - 6

Simultaneous equation 2x-Y= -1 x-2y=4​

Answers

Answer:

x + y = -5

Step-by-step explanation:

2x - x - y + 2y = -1 - 4

x + y = -5

Write down the nth term of the following sequence

the following pattern are made using small squares

Answers

Answer:

a) [tex]n = 4 + 7\cdot i[/tex], [tex]\forall\, i \in \mathbb{N}_O[/tex], b) [tex]n = 2 + (i+1)^{2}[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex]

Step-by-step explanation:

a) The sequence is representative for an arithmetic sequence, whose key characteristic is that difference is between two consecutive elements is the same. In particular, the sequence has a difference of 7 between any two consecutive elements and the initial element is 4. Hence, we can derive the following formula:

[tex]n = n_{o} + r\cdot i[/tex], [tex]\forall\, i \in \mathbb{N}_O[/tex] (1)

Where:

[tex]n_{o}[/tex] - Initial element.

[tex]r[/tex] - Difference between two consecutive elements.

[tex]i[/tex] - Index.

If we know that [tex]n_{o} = 4[/tex] and [tex]r = 7[/tex], then the expression for the n-th term of the sequence is:

[tex]n = 4 + 7\cdot i[/tex], [tex]\forall \,i\in\mathbb{N}_{O}[/tex]

b) In this case, we have a geometric sequence described by the following equation:

[tex]n = 2 + (i+1)^{2}[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex]  (2)

The constant element ([tex]2[/tex]) represents the two extreme squares, whereas the second order binomial represents the total of squares in the middle ([tex](i+1)^{2}[/tex]) and emulates the area formula of the square.

Answer:

Step-by-step explanation:

?

Nick drew a rectangular political cartoon that measures 2 inches by 4 inches. He wants to enlarge the cartoon by a scale factor of 3 for a poster presentation. The area of the original cartoon will be what fraction of the area of the enlarged cartoon?

Answers

Answer:

I believ the answer is 6/12 or 1/2

Step-by-step explanation:

2x3 = 6 and 4x3 = 12 and 6/12 simplified would be 1/2

Answer:

I believe the answer is 6/12 or 1/2

Step-by-step explanation:

Helpppp Please! Please!

Answers

∠DCA=∠BCA
∠B=∠D
CA=AC
△DCA≌△BCA (AAS)

NO=NQ
OP=QP
NP=PN
△NOP≌△NQP (SSS)

∠FOW=∠KIB
∠OFW=∠IKB
FW=KB
△FOW≌△KIB (AAS)

Hope my answer helped u :)

Given that the point (-2,8) is on the graph of an equation that is symmetric with respect to the x-axis, what other point is on the graph?

(Type an ordered pair)

Answers

(-2, -8) Imagine the point (-2,8) being reflected in a mirror, where the x axis is the mirror. Since the point is 8 above the x axis, the reflected point will be 8 below.

Re write the statement 19 +7 / 2 x 6 + 1 by including two pairs of brackets to make the total value equal to 2

Answers

y=2

PREMISES

y=the expression 19+7/2×6+1 rewritten by including two sets of brackets or parentheses to get a result of 2

CALCULATIONS

To clearly express the mathematical phrase 19+7/2×6+1 to get a result of 2 requires specific parenthetical treatment.

y=19+7/2×6+1 becomes

y=(19+7)/(2×6+1)

y=26/(12+1)

y=26/13

y=

2

PROOF

If y=2, then the inverse of the phrase (19+7)/(2×6+1) returns

y(2×6+1)=19+7

2(2×6+1)=19+7

2(12+1)=19+7

2(13)=26 and

26=26 proves the solution y=2 to the phrase (19+7)/(2×6+1)

Dilbert invests a total of $26,000 in two accounts paying 14% and 2% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $2,560.00

Answers

Answer:

$17,000 at 14% and $9,000 at 2%

Step-by-step explanation:

Let x = amount invested at 14%.

Let y = amount invested at 2%.

x + y = 26000

0.14x + 0.02y = 2560

     -0.02x - 0.02y = -520

(+)    0.14x + 0.02y = 2560

-------------------------------------

       0.12x              = 2040

x = 17,000

x + y = 26000

17000 + y = 26000

y = 9000

Answer: $17,000 at 14% and $9,000 at 2%

TO BE ANSERED ASAP
If n = 4, then 9ˆ8 ÷ 9 n is equal to__________________.

Answers

Answer:

1,195,742.25 (final answer since instructions did not include rounding up or anything)

Step-by-step explanation:

n = 4

The given expression is:

9^8 ÷ 9n

USE PEMDAS order of operations and solve:

9^8 ÷ 9n

= 43046721 ÷ 9n

Substitue n with 4 and solve:

43046721 ÷ 9(4)

= 43046721 ÷ 36

= 1,195,742.25

Answer:

9^4

Step-by-step explanation:

We know that a^b ÷ a^c = a^ (b-c)

9^8 ÷ 9^4

9^(8-4)

9^4

Find the sum of the first 40 terms of an arithmetic series whose first term is 7 and 40th term is 115. Type answer as an integer (no decimals)
arithmetic sum formula:
Sn = (a1 +
+ an)
geometric sum formula:
az (1 - p)
S =
1-r
Answer:

Answers

Answer:

2440

Step-by-step explanation:

an=115

a=7

Sn=n/2(a+an) [Where n is no. of terms]

   = 40/2(7+115)

   = 20(122)

   = 2440

What is the value of x in the equation -2 =5x + 3

Answers

-2 = 5x +3
5x = 3 + 2
5x = 5
x = 1

Step-by-step explanation:

hope it helps you and please mark it brainliest answer

f(x) = x2 – 12x – 29
f(3) = (x+ ?)+ ?

Answers

Answer:

-6 and - 65

Step-by-step explanation:

X-12x-29, by completing the square we get (x-6)^2-65

Cual de las siguientes expreciones permite a fatima obtener t que es la cantidad de palitos nesesaria para armar una figura n

Answers

Answer:

T(n) = 4 + 12*n

Step-by-step explanation:

La pregunta completa se puede ver en la imagen de abajo.

En ella, podemos ver que:

La primera figura tiene: 16 palitos

la segunda figura, con n = 2, se añaden 3 palitos en cada extremo, por lo que tendremos 16 palitos + 4*3 palitos = (16 + 12) palitos

De manera similar, en la tercera figura se vuelven a añadir 3 palitos en cada extremo de la cruz, entonces esta figura tendrá:

(16 + 12) palitos + 4*3 palitos = (16 + 12 + 12) palitos.

Así, tenemos la relación:

T(1) = 16

T(2) = 16 + 12

T(3) = 16 + 12 + 12

Podemos asumir que la forma general será:

T(n) = 16 + 12*(n - 1)

podemos reescribir esto como:

T(n) = (12 + 4) + 12*(n - 1)

      = 4 + 12 + 12*(n - 1)

      = 4 + 12*n

La opción correcta es la primera.

ans of this

fast to get 10 pts​

Answers

Answer:

2.equivalent sets is answer.

Someone Please help‼️‼️‼️

Answers

Hi there!

[tex]\large\boxed{m = 2}[/tex]

Since the line is increasing (the y-values are increasing as x increases), we can automatically eliminate any answer choice containing a negative slope.

Thus, the only correct answer choice would be m = 2.

We could also solve using the slope formula:

m = y2-y1/x2-x1

Plug in given points:

m = 3-1 / 0 - (-1)

m = 2 / 1 = 2

which expression is equivalent to \root(3)(x^(5)y)

Answers

Answer:

[tex]\sqrt[3]{x^{5}y} = x^{\frac{5}{3}}y^\frac{1}{3}[/tex]

Step-by-step explanation:

Given

[tex]\sqrt[3]{x^{5}y}[/tex]

Required

The equivalent expression

We have:

[tex]\sqrt[3]{x^{5}y}[/tex]

Rewrite as an exponent

[tex]\sqrt[3]{x^{5}y} = (x^{5}y)^\frac{1}{3}[/tex]

Open bracket

[tex]\sqrt[3]{x^{5}y} = x^{5*\frac{1}{3}}y^\frac{1}{3}[/tex]

[tex]\sqrt[3]{x^{5}y} = x^{\frac{5}{3}}y^\frac{1}{3}[/tex]

a car gets 27 miles per gallon in the city and 35 miles per gallon on the highway. what range of miles can the car travel on 3 gallons of gas​

Answers

The answer is 81 < < 105

Explanation: Since the car gets 27 mpg in the city and gets 35 mpg on the highway, you can set it up in the inequality 27 < < 35 and this represents the range a car can drive for 1 gallon, so to find the range for 3 gallons, you multiply this inequality by 3.

27(3)<<35(3)
27(3)=81
35(3)=105

Then you can insert the numbers into the inequality to get 81<<105.

Please help a-e I will rate and like response. Thank u

Answers

Answer:

VOLUME OF RIGHT CIRCULAR CONE=≈74.93136cm^3

VOLUME OF SPHERE: ≈523.6cm^3

The volume of a sphere is 3,000π m3. What is the radius of the sphere to the nearest meter?

Answers

Answer:

13m

Step-by-step explanation:

volume of sphere = [tex]\frac{4}{3} * pi * r^{3}[/tex] = 3000π

4r^3/3 = 3000

r^3 =2250

r = ∛2250 = 13.10370 = 13

Answer:

Radius of the sphere is 13.1 m.

Step-by-step explanation:

Volume:

[tex]{ \boxed{ \pmb{volume = { \bf{ \frac{4}{3}\pi {r}^{3} }}}}}[/tex]

Substitute:

[tex]{ \tt{3000\pi = \frac{4}{3} \times \pi \times {( {r}^{3}) } }} \\ \\ { \tt{ {r}^{3} = \frac{3000 \times 3}{4} }} \\ \\ { \tt{r = \sqrt[3]{ \frac{3000 \times 3}{4} } }} \\ { \tt{r = 13.1 \: m}}[/tex]

please answer this!!​

Answers

triangle is always 180

both sides are equal so both sides are 51
51+51=102

180-102=78

Help please, I need with the question​

Answers

Answer: [tex]\frac{4}{3}[/tex]

Step-by-step explanation:

tangent of ∠PLM = [tex]\frac{opposite}{adjacent} =\frac{4}{3}[/tex]

Answer:

PLM=4/3

Step-by-step explanation:

Please Help!!
The scale on the map is stated as 1 : 200000. A main road connects two towns which are 34 kilometres apart. How far will it be on the map, in centimetres, between the two towns along the main road

WILL GIVE BRAINLIEST!!

Answers

Answer:

34 : 6800000

Step-by-step explanation:

1 : 20000034km : ?34km : 34km × 20000034km : 6800000km34 : 6800000

what is the answer to this equation?

Answers

Answer:

4i

Step-by-step explanation:

apply (a+b)^2 formula

Answer: 4i
Hope this helps


[tex]( - 12) \times ( - 4) + ( - 8) + ( + 3)[/tex]
could you help..​

Answers

[tex] \sf \: ( - 12 )\times( - 4) + (- 8 )+ (+ 3) \\ \sf \: = (- 12 \times - 4 )+ (- 8 + 3) \\ \sf \: = 48 - 5 \\ = 43[/tex]

Hope it helps.

RainbowSalt2222

What is the value of the expression below when y = 8 y=8? 2 y + 7 2y+7

Answers

Answer:

23

Step-by-step explanation:

[tex]2 y + 7[/tex]

Replace y with 8

[tex]= 2 (8) + 7\\= 16+ 7\\= 23[/tex]

Therefore, the value of the expression when y=8 is 23.

I hope this helps!

(Ight ima need some help!! ) solve the following equation (2x + 3) (3x + 2) − (3x + 2) (2x− 3) = 0. solve for x and show work
(2x + 3) (3x + 2) − (3x + 2) (2x− 3) = 0

Answers

Answer:

x = [tex]-\frac{2}{3}[/tex]

Step-by-step explanation:

I used the FOIL method

[(2x + 3) (3x + 2)] − [(3x + 2) (2x− 3)] = 0

[tex](6x^{2} +4x+9x+6) - (6x^{2} -9x+4x-6)=0[/tex]

[tex](6x^{2} +13x+6) - (6x^{2} -5x-6)=0[/tex]

[tex](6x^{2} +13x+6) - 6x^{2} +5x+6=0[/tex]

combine like terms

[tex]6x^{2} -6x^{2} = 0[/tex]

[tex]13x+5x=18x[/tex]

[tex]6+6=12[/tex]

so, [tex]18x +12 = 0[/tex]

subtract 12 on both sides

[tex]18x=-12[/tex]

divide by 18 to isolate x

[tex]x=-\frac{12}{18}[/tex]

and simplifies to

[tex]x=-\frac{2}{3}[/tex]

if the hypotenuse of an isosceles right triangle has a length of 5 centimeters what is the length of one of the legs

Answers

Answer:

a =b = [tex]\frac{5\sqrt{5} }{5}[/tex]

Step-by-step explanation:

[tex]a^{2} +b^{2} = 5 ^{2}[/tex]

a = b

[tex]2a^{2} = 5 ^{2}[/tex]

[tex]2a^{2} = 25\\[/tex]

[tex]a^{2} = \frac{25}{5}[/tex]

a = [tex]\frac{5}{\sqrt{5} }[/tex]

must rationalize...

a =b = [tex]\frac{5\sqrt{5} }{5}[/tex]

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