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The value of a piece of land is $500 an acre. The price per acre is expected to increase 7% per year. Which function models the value of an acre after t years?

Respuesta :

bunnymarshmarloykw47
To set the equation,we can first find how much price would be raised within a year:

=500×(1+7%)

=500×1.07

As the years go by the increase would accumulate,and the equation would be:

[tex]500 \times {1.07}^{t} [/tex]
Hope it helps!

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