The average price of a home in a certain town was $78,000 in 1990, but home prices have been falling by 10% per year. Create an exponential function of the form Q = Qo x(1+ r)t to model this...


The average price of a home in a certain town was $78,000 in 1990, but home<br>prices have been falling by 10% per year. Create an exponential function of the<br>form Q = Qo x(1+ r)t to model this situation, where t is the number of years<br>since 1990 and Q is the average home price in thousands.<br>a. Q = 78(0.1)t<br>O b. Q = 78(0.9)*<br>c. Q = 10(0.78)t<br>d. Q = 78(1.1)t<br>

Extracted text: The average price of a home in a certain town was $78,000 in 1990, but home prices have been falling by 10% per year. Create an exponential function of the form Q = Qo x(1+ r)t to model this situation, where t is the number of years since 1990 and Q is the average home price in thousands. a. Q = 78(0.1)t O b. Q = 78(0.9)* c. Q = 10(0.78)t d. Q = 78(1.1)t

Jun 03, 2022
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