A home purchased in 1996 for $190,797 was appraised at $278,101 in 2000. Assuming the rate of increase in the value of the home is constant, complete parts (a) through (c). a. Write an equation for the value of the home as a function of the number of years, x, after 1996. b. Assuming that the equation in part (a) remained accurate, write an inequality that gives the range of years (until th end of 2010) when the value of the home was greater than $354,492. c. Does it seem reasonable that this model remained accurate until the end of 2010? a. Write a linear equation that describes the value of the home. (Do not include the symbol in your answer.)
A home purchased in 1996 for $190,797 was appraised at $278,101 in 2000. Assuming the rate of increase in the value of the home is constant, complete parts (a) through (c). a. Write an equation for the value of the home as a function of the number of years, x, after 1996. b. Assuming that the equation in part (a) remained accurate, write an inequality that gives the range of years (until th end of 2010) when the value of the home was greater than $354,492. c. Does it seem reasonable that this model remained accurate until the end of 2010? a. Write a linear equation that describes the value of the home. (Do not include the symbol in your answer.)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
Related questions
Question
Transcribed Image Text:A home purchased in 1996 for $190,797 was appraised at $278,101 in 2000. Assuming the rate of increase in the
value of the home is constant, complete parts (a) through (c).
a. Write an equation for the value of the home as a function of the number of years, x, after 1996.
b. Assuming that the equation in part (a) remained accurate, write an inequality that gives the range of years (until the
end of 2010) when the value of the home was greater than $354,492.
c. Does it seem reasonable that this model remained accurate until the end of 2010?
a. Write a linear equation that describes the value of the home.
(Do not include the symbol in your answer.)
y=
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning