The average price of a home in a town was 178 000 in 2013

Last updated: 12/11/2023

The average price of a home in a town was 178 000 in 2013 but home prices are rising by 5 per year a Find an exponential function of the form Q Qox 1 r where r 0 for growth to model the situation described Q x 1 Type an integer or a decimal b Fill the table showing the value of the average price of a home for the following five years Year t 0 1 23 4 Average price 178 000 S 5 Do not round until the final answer Then round to the nearest dollar as needed