The average price of a two-bedroom apartment downtown New York City during the real estate boom from 1994 to 2004 can be approximated by P(C) - 0.33e0.16t million dollars (0sts 10), where t is time in years. (t= 0 represents 1994.)t What was the average price of a two-bedroom apartment in downtown New York City in 19977 (Round your answers to two significant digits.) HINT (See Quick Example 14.] million dollars How fast was the price increasing? million dollars per year Need Help? Read it Watch

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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.