The Diaz family bought a house for $225,000. If the value of the house increases at a rate of 5% per year, about how much will the house be worth in 8 years? Algebra Exponents and Exponential Functions Exponential Growth 1 Answer Deepak G. Aug 28, 2016 #=332325$# Explanation: #225000(1+0.05)^8# #=225000(1.05)^8# #=225000times1.477# #=332325$# Answer link Related questions What is Exponential Growth? What is the exponential growth formula? How does exponential growth differ from linear growth? How do you graph exponential growth? What is the y-intercept of all exponential growth functions? How do you graph #y=\frac{1}{2} \cdot 4^x#? How do you graph #f(x)=2 \cdot 3^x#? How much money will Nadia have in the bank by her 21st birthday if she received $200 for her... How do you graph #f(x)=2*3^x#? How do you determine the multiplier for exponential growth and decay? See all questions in Exponential Growth Impact of this question 1840 views around the world You can reuse this answer Creative Commons License