Joe and linda have the opportunity to purchase a new home. the house in glen oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year. what is the rate of appreciation for the house from one year to the next?

You can work out the percentage change and that would help you work out the rate of appreciation :)

The formula is ((new value - old value)/old value) * 100.

So you do

Therefore the rate of appreciation is 8% p/a.

the correct answer is b. negative exponential growth.

step-by-step explanation:

you can tell it's an exponential function because it decreases rapidly then levels out and never touches the x-axis.

it is negative because the y-axis decreases as the x-axis increases.

therefore it is a negative exponential growth graph.

hope i !