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