Answered

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Claire buys a condo for $350,000. The value of the condo appreciates on average 5% per year where she
bought the condo
If you know the rest of the problems on the page then that would help;)

Claire Buys A Condo For 350000 The Value Of The Condo Appreciates On Average 5 Per Year Where She Bought The Condo If You Know The Rest Of The Problems On The P class=

Sagot :

ogorwyne

1. The best way that we can represent the condo that Claire bought is by option B. [tex]350000(1.05)^{t}[/tex]

How to determine the function

To determine the function, we would have to do so by making use of the given equation that we have here.

This is given as

Ct = [tex]A(1+r)^t[/tex]

Where a is the principal

r is the rate of interest and

t is the time

2. we have 70 = 30(1.03)^t

70/30 = (1.03)^t

We have to take the log of the function above in order to find the value of t

t = 28.665

This is approximated to 29

Hence the answer here is option A after 29 weeks.

Read more on interest rate here: https://brainly.com/question/2294792

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