A realtor estimates that a certain new house worth $500,000 will gain value at a rate of 6% per year. Make a table that shows the worth of the house for years 0, 1, 2, 3, and 4. What is the real-world meaning of year 0? Which type of model best represents the data in your table? Explain. Write a function for the data. Year Value ($) 500, 000 530, 000 O A. 2 560, 000 590, 000 4 620, 000 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is Y = 1.06x+500,000 Year Value ($) 500,000 1 470,000 B. 2 441,800 415,292 4 390, 374.48 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is y = 500,000(1.06)*. 3. Year Value ($) 500, 000 1 530, 000 c. 2 560, 000 3 590, 000 4 620, 000 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is y = 500, 000(1.06)*. Year Value ($) 500,000 1 530,000 D. 2 561,800 3 595,508 4 631, 238.48 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is y = 500,000(1.06)*.
A realtor estimates that a certain new house worth $500,000 will gain value at a rate of 6% per year. Make a table that shows the worth of the house for years 0, 1, 2, 3, and 4. What is the real-world meaning of year 0? Which type of model best represents the data in your table? Explain. Write a function for the data. Year Value ($) 500, 000 530, 000 O A. 2 560, 000 590, 000 4 620, 000 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is Y = 1.06x+500,000 Year Value ($) 500,000 1 470,000 B. 2 441,800 415,292 4 390, 374.48 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is y = 500,000(1.06)*. 3. Year Value ($) 500, 000 1 530, 000 c. 2 560, 000 3 590, 000 4 620, 000 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is y = 500, 000(1.06)*. Year Value ($) 500,000 1 530,000 D. 2 561,800 3 595,508 4 631, 238.48 Year O is the year when the house is new. The model that best represents the data in the table is exponential because value increases at an exponential rate. A function for the data is y = 500,000(1.06)*.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
Transcribed Image Text:A realtor estimates that a certain new house worth $500,000 will gain value at
a rate of 6% per year. Make a table that shows the worth of the house for
years 0, 1, 2, 3, and 4. What is the real-world meaning of year 0? Which type of
model best represents the data in your table? Explain. Write a function for the
data.
Year
Value ($)
500, 000
530, 000
O A.
2
560, 000
590, 000
4
620, 000
Year O is the year when the house is new. The model that best
represents the data in the table is exponential because value increases
at an exponential rate. A function for the data is Y = 1.06x+500,000
Year
Value ($)
500,000
1
470,000
B.
2
441,800
415,292
4
390, 374.48
Year O is the year when the house is new. The model that best
represents the data in the table is exponential because value increases
at an exponential rate. A function for the data is y = 500,000(1.06)*.
3.
Transcribed Image Text:Year
Value ($)
500, 000
1
530, 000
c.
2
560, 000
3
590, 000
4
620, 000
Year O is the year when the house is new. The model that best
represents the data in the table is exponential because value increases
at an exponential rate. A function for the data is y = 500, 000(1.06)*.
Year
Value ($)
500,000
1
530,000
D.
2
561,800
3
595,508
4
631, 238.48
Year O is the year when the house is new. The model that best
represents the data in the table is exponential because value increases
at an exponential rate. A function for the data is y =
500,000(1.06)*.
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