State whether the growth is linear or exponential
Question:
Linear vs. Exponential
State whether the growth is linear or exponential and solve the associated problem.
The value of a house is increasing by $1800 each year. If the house is worth $110,000 today what will it be worth in five years?
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In deciding upon the appropriate premium to charge, insurance companies sometimes use the exponential principle, defined as follows
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According to the U.S. Bureau of Labor Statistics (http://www.bls.gov), the average hourly wage in the manufacturing sector in 2000 was $19.86 in the US
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