urvinae8
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Shana inherited land from her late grandmother. The land originally cost $25,000 when
her grandfather had purchased it in 1945. If the value of the land increased by about 5%
annually, how much did it cost in 2015?

Respuesta :

Answer:

760660.638388
Rounded: 760660.64

Step-by-step explanation:

You can use an exponential function. that would be a(b)^x or 25000(1.05)^x

From 1945 to 2015 there is a 70-year gap, so you would substitute 70 for x. That would get you 760660.638388, so in 2015, the value of the land would be 760660.64 if you round up.

Answer: $760,660.64

Step-by-step explanation:

Just did the test

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