Tammy's home cost her S184,000. She lives in an area with a lively real estate market, and her hormincreases in value by 3.5% every year. If Tammy sels her home after thirteen years, how much profit wil she have made, to the nearest hundred dollars?
a s8,500
b.
C.
d
7,800
S83,700
S103,800
Please select the best answer from the choices provided
O
A
B
C
D
O
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Answer D 103,800

Step-by-step explanation:

Initial value of house:

Yearly increase rate of value:

Time

Since the increase is concerning the current price it would be exponential growth.

The function would be:

For t= 13 we get:

Profit made would be:

Correct option is D.

Cost of Tammy's house =$184000

Rate of interest = 3.5% per annum

After 13years price will be

Total profit= $(287767-184000)= $103768

step-by-step explanation:

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