Math Question
![A house was valued at \( \$ 110,000 \) ingthe year 1992 . The value appreciated to \( \$ 150,000 \) by the year \( 2007 . \)
A) What was the annual growth rate between 1992 and 2007?
\( r= \) Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
\[
r=
\]
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2011?
value \( =\$ \) Round to the nearest thousand dollars.](https://d3hlidq5bf9vg0.cloudfront.net/app-server-student/2022/4/15/3ad508a2-fe0f-4042-81f5-3d55d10cfd6e.png "A house was valued at \( \$ 110,000 \) ingthe year 1992 . The value appreciated to \( \$ 150,000 \) by the year \( 2007 . \)
A) What was the annual growth rate between 1992 and 2007?
\( r= \) Round the growth rate to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
\[
r=
\]
C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2011?
value \( =\$ \) Round to the nearest thousand dollars.")
Solution
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