A quantity with an initial value of 480 grows exponentially at a rate such that the quantity doubles every 6 minutes. What is the value of the quantity after 0.2 hours, to the nearest hundredth?

Tom and lilly rented a house for $12,000 last year. at the start of the year they bought the house they had been renting directly from the owner for $250,000. they believe they could rent it for $12,000 this year, but stay in the house. how much does tom and lilly’s decision to buy the house change gdp? a. it reduces gdp by $12,000 b. it does not change gdp c. it raises gdp by $238,000 d. it raises gdp by $250,000