Mike and Beatrice purchase a house for $200,000. If the equation V = 200,000(1.03)x represents the value of the house after x years, how many years will it take the house to be worth approximately $225,000?

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10
Take this time to do your
best on this question. A)
4 years Eliminate Reactivate
B)
5 years Eliminate Reactivate
C)
6 years Eliminate Reactivate
D)
7 years Eliminate Reactivate

Question

Mike and Beatrice purchase a house for $200,000. If the equation V = 200,000(1.03)x represents the value of the house after x years, how many years will it take the house to be worth approximately $225,000? 

Answers available in ...

10
Take this time to do your
best on this question.    A)
 4 years  Eliminate Reactivate   
  B)
 5 years  Eliminate Reactivate   
  C)
 6 years  Eliminate Reactivate   
  D)
 7 years  Eliminate Reactivate

tkhunny · Answer

Do we have chemistry problems wandering in, here?

x = 1: 200000(1.03)^1 = 206000
x = 2: 200000(1.03)^2 = ??
x = 3: ??