Carly bought a new house for $125,000. the value of the house appreciates approximately 3.5% each year. what will be the value of the house after 10 years?

Value of the house after 10 years is $176325 .

Step-by-step explanation:

The exponential increases function is given by

Where a is the initial value , r is the rate of interest in the decimal form and t is the time in years .

As given

Carly bought a new house for $125,000. the value of the house appreciates approximately 3.5% each year.

a = $125000

3.5% is written in the decimal form

= 0.035

r = 0.035

t = 10 years

Put all the values in the formula

y = $ 176325

Therefore the value of the house after 10 years is $176325 .

2

step-by-2step explanation: