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A House That Sold for $35,000 in 1980 Sold for $60,500

Question 48

Essay

A house that sold for $35,000 in 1980 sold for $60,500 in 2000.
A) Find the average rate of change of the value of the house per year.
B) If the house continues to increase in value at the same rate, what will be its value in 2016?

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A. $ 1,275...

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