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Mathematics 8 Online
OpenStudy (anonymous):

The value of Peter's house has risen 10% a year for the last 3 years. If the value of Peter's home 3 years ago was $100,000, what is the value now?

OpenStudy (anonymous):

whats 10% of $100,000?

OpenStudy (anonymous):

10000

OpenStudy (anonymous):

good! thats the increased revenue for a year

OpenStudy (anonymous):

After the 1st year : total value is $100,000 +$10000 =$110,000 now take 10% of this $110,000 for the revenue in second year.

OpenStudy (stamp):

\[value(t)=100,000(1.10)^t\]t is in years

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