Math Problem Statement
A house's value, originally bought for$311000 in 2017, has been growing at a rate of \displaystyle{h(t) = 6(1.18)^t} thousand dollars per years, where t is the number of years since 2017 calculator checkpoint: h(2)=8.3544. A. how much has the value of the house grown from 2017 to 2023? round to the three decimal place
B. how much is the value of the house projected to grow from 2023 to 2033? round to the three decimal place
C. find the specific antiderivative that models the value of the house in thousand dollars t years since 2017
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Antiderivatives
Real Estate Valuation
Formulas
Exponential Growth: h(t) = 6(1.18)^t
Antiderivative of Exponential Function: ∫a^t dt = a^t / ln(a)
Theorems
Fundamental Theorem of Calculus
Exponential Growth Model
Suitable Grade Level
Grades 10-12
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