Maurice just bought a new home. The home can be represented by the function y
=
200,000
(
1.025
)
x

Complete each of the 2 activities for this Task.
Activity 1 of 2
Part A: What is the growth rate of the value of Maurice’s home each year after 2000?

A.
2.5%

B.
102.5%

C.
0.025%

D.
97.5%

Activity 2 of 2
Part B: What would the property value of Maurice’s home be after 40 years?

A.
$419,500

B.
$501,000

C.
$510,000

D.
$537,000