Question

Jonathan and Sarah purchased a beach house for $10,000,000. The home appreciates at a rate of 3% per year. The appreciation of the house is shown in the graph. The home is currently worth about $13,000,000. Jonathan and Sarah have owned the home for about ______ years.

Answer 1

plzz help me

Answer 2

whats answer

Answer 3

Options of this question
A) 7
B) 9
C) 11
D) 13

Answer 4

This is a case of annual compounding, often seen in calculating the Amount that grows from an original Principal at interest rate r (as a decimal fraction) over time period t.

"whats answer" apparently you haven't read OpenStudy's Code of Conduct, which forbids asking for direct answers (as well as giving them). Please read that Code. If you do some work and share it with me, I'd be happy to comment and help y ou find your own answer.

Answer 5

can you give me the answer

Answer 6

Absolutely not. Please read: http://openstudy.com/code-of-conduct

Answer 7

A) 7
B) 9
C) 11
D) 13

Answer 8

Please read: http://openstudy.com/code-of-conduct

You may not ask for direct answers here on OpenStudy, especially if you've apparently done no work of your own. Do some work, using the information I've given you, and share what yuo've done.