A house is purchased for $140,000 in January 2004. A year later, the house next door is sold for $149,800. The two houses are of the same style and size and are in similar condition, so they should have equal value. Use the model v = 140e0.0676586485t, where t is the number of years after January 2004 and v is the value in thousands of dollars, to predict when the house would be worth $290,000.
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
A house is purchased for $140,000 in January 2004. A year later, the house next door is sold for $149,800. The two houses are of the same style and size and are in similar condition, so they should have equal value.
Use the model
where t is the number of years after January 2004 and v is the value in thousands of dollars, to predict when the house would be worth $290,000.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
