Scrublord
10.05.2021 •
Mathematics
Laura invested in an energy stock through a brokerage company. Her rate over the first year can be represented by the equation y = 3500.00 (.92)^x. What was the original amount of the investment? Did Laura receive a return on her investment for the first year?
and the question
Sarah bought a mountain home for vacations. The original cost was $167,000 for the home and it has increased in value by at a rate of 11% each year she has owned it. What is the equation that represents the situation? How much would the vacation home be worth after 3 years?
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