The median price, p, of a home rose from $50 thousand in 1980 to $150 thousand in 2000. let t be the number of years since 1980. if instead the housing prices increased exponentially, find an equation of the form p = poa t to represent housing prices. again, p is measured in thousands. (round your answer for a to 6 decimal places.)

Step-by-step explanation:

Here the function that shows the price of home after t years,

Where,

is the initial price of home,

a is the growth factor,

t is the time.

Here, The Initial price of home,

P = $ 150,000

Time since 1980, t = 20 years.

Thus,

Thus, the complete function that shows the price of home after t years,

3, 12, 48, 384, 1536, 6144, 24576, 98304

step-by-step explanation:

just keep timing it by 4.