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# (Solved): b. How many minutes (to the nearest tenth of a minute) will it take for the temperature of the tea ...

b. How many minutes (to the nearest tenth of a minute) will it take for the temperature of the tea to first fall below

`28\deg C`

? [2] [6] The median house price in Waterloo Region increased by

`3.6%`

from January 1,2018 to January 1 , A home was purchased in Waterloo Region on April 1, 2019 for

`\$600000`

. a. Assuming this trend continues, write an exponential equation that models the Resale Value of this home over time. Include let statements. [2] b. At this rate, determine the date the resale price of the home would reach

`\$1`

million (Show your work accurate to the nearest month). [2] c. Use your exponential equation to determine the expected resale value of the home on April

`1,2028`

.

`2`

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