Given:-
The value of your house is increasing by 3% each year. If it is worth $100,000 today.
To find:-
The value of house in 2 years.
So now the rate of house in the first year is,
[tex]\begin{gathered} \frac{3}{100}\times100000=3\times1000 \\ \text{ =3000} \end{gathered}[/tex]So the rate of house in the end of first year is,
[tex]103000[/tex]So now at the second year. we have,
[tex]\begin{gathered} \frac{3}{100}\times103000=3\times1030 \\ \text{ =3090} \end{gathered}[/tex]So the rate at end of second year is,
[tex]103000+3090=106090[/tex]So the rate of house will be worth 106090.
So It is a liinear growth.
