The median house price in Waterloo Region increased by 3.6% from Jan 1, 2018 to Jan 1, 2019. A home was purchased in Waterloo Region on April 1, 2019 for $600,000.

(a) Assume this trend continues, write an exponential equation that models the Resale Value of this
home over time.

(b) At this rate, determine the date of the resale price of the home would reach $1 million (Show your
work to accurate to the nearest month)

(c) Use your exponential equation to determine the expected resale value of the home on April 1, 2020.

The right answer is:

(a)

(b)

(c) ($)

Step-by-step explanation:

Given:

House price increment rate,

= 3.6% annually

(a)

Let the exponential equation will be:

⇒

here,

t = 0

P = P₀

t = 1 yr

then,

now,

⇒

Thus, the exponential equation will be "".

(b)

We know,

($)

($)

∵

or,

(c)

($)

Now,

⇒

            ($)

when studying polynomials, you often hear the terms zeros, roots, factors and x x the multiplicity of a zero is important because it tells us how the graph of the let's look at the graph of a function that has the same zeros

step-by-step explanation:

$8

step-by-step explanation:

it is pretty much backwards.

you take the 4x2 multiply that, and that is = $8