A t the end of 2000 a
house was valued at $375,000 and then increased in value by 5.00% on an average,
each year 2001 through 2006. Its value did not change in 2007, but then
decreased by 8.00% on an average each year 2008 through 2011. What was its
value at the end of 2011?

1

Answers

The Brainliest Answer!
2014-08-20T17:38:05+05:30

This Is a Certified Answer

×
Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
Value of house at end of year 2000 : \$375000 \\ Value at the end of 2001 :  \frac {(100+5)}{100} \* \$375000 \\ \\  \= 1.05 * $375000 \\ Value at the end of 2002 : 1.05 * 1.05 * \$375000 \\ value at the end of 2006 : 1.05^{6} * \$375000 \\ Value\ at\ the\ end\ of\ 2008 : \frac{(100-8)}{100} \* 1.05^{6} * \$375000 \\ \\ Value\ at\ the\ end \of\  2011 = 0.92^{4} 1.05^{6} \$375000 \\ = 0.96005 * \$375000 \\ = \$360013.16 \\ \\

ANSWER is $360013.16

2 5 2
Thanks
good explanation
thanks and welcome