Answered: Write an equation that models this…

Write an equation that models this situation with t being the number of years since 2009. If this rate of growth continues, what will the averge price of a home in that town be in 2020?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Related questions

Q: The percentage of mothers who smoke cigarettes during pregnancy has declined approximately linearly…

A: Given that the percentage of mothers who smoke cigarettes during pregnancy has declined…

Q: Drag the three points so they simultaneously follow both a LINEAR pattern and an EXPONENTIAL pattern

A: Consider the three points (0, 0), (1, 1) and (-1, -1). They follow the linear pattern y=x And also…

Q: If a linear function has positive rate of change, does its graphslope upward or downward?

A: Slope measures the rate of change in the dependent variable as the independent variable changes. The…

Q: 1. Suppose a business purchases a photocopier for $12,000 in 2020. The accounting department of the…

A: Since the student has posted many sub-parts of the question and does not mention any specific part,…

Q: In 2000, the total amount of a certain bird population (species of bird of paradise) was recorded at…

Q: o store buys 20 dvd’s at a price of $25 and 15 dvd’s if the price is $30. Determine the demand…

Q: Suppose that the shock wave from a meteor impact is a circle whose radius expands at 400 meters per…

A: Given Radius expands at 400 meters per second i.e. drdt=400m/s

Q: What will the book value be in five years? What will the book value be in 2020?

Q: You buy a new car for $25,000 and 2 years later, the car is valued at $17,500. Assuming that the…

A: Let us consider that after t years the car is worth C(t). Since the depreciation is linear, let C(t)…

Q: A coffee shop sold 500 lattes a day at a price of $3.50. they raise the price by 25 and sold 60…

A: Given the data :

Q: Assume the yearly savings in gasoline costs due to the purchase of a hybrid auto- mobile are $400…

A: Ans-a. Let N(x) be the net savings over a period of x years. Then we have: N(x)=−4500+400x The extra…

Q: The human papillomavirus (HOV) is the most common sexully transmitted infection in the United…

A: Given: Number of active cases present this year is 24 million and project number of new cases each…

Q: Once the initial publicity surrounding the release of the new book is over, the sales of the…

Q: Determine whether statement makes sense or does not make sense, and explain your reasoning.My…

A: The given statement is "My mathematical model describes the data for tuition and fees at public…

Q: With 800 bacteria and doubles about every month. a. Describe the input variable. b. Describe the…

A: Solution : Given that : A sample of bacteria starts with 800 bacteria and doubles about every month.…

Q: A town's population increases at a constant rate. In 2010 the population was 53,000. By 2012 the…

A: Given: Population in 2010 = 53,000. The population in 2012 = 78,000.Let the population…

Q: What was the book value

Q: The number of hours of video uploaded to YouTube per minute is shown in the table below. Year # of…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the…

Q: A $27,000 car has a resale value of $19,000 five years after it was purchased. Assuming the value of…

A: Given: A $27000 car has a resale value of $19000 five years after it was purchased. To Find:…

Question

The average price of a home in a certain town was $125,000 in 2009, but home prices are rising 2% per year.

Write an equation that models this situation with t being the number of years since 2009.

If this rate of growth continues, what will the averge price of a home in that town be in 2020?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

write a linear equation for this: "Baden, the health authority's chief financial officer stood by the veracity of that initial timeline Wednesday. He said state officials were hoping to see 200,000 to 250,000 first doses administered per week."
Can I get help please?
Please urgent
A house sells for $81528 at the end of 2010 and for $161637 at the end of 2017. If the market value increased linearly from 2010 through 2017, what was the annual rate of change of the market value?
Employment. According to the U.S. Bureau of Labor Statistics, the number of professional services employees fluctuated during the period 2000-2009, as modeled by E(t) = -28.31t³ +381.86t² - 1162.07t + 16,905.87, where t is the number of years since 2000 (t = 0 corresponds to 2000) and E is thousands of employees. (Source: www.data.bls.gov.) Find the relative extrema of this function, and sketch the graph. Interpret the meaning of the relative extrema.
According to the CDC there were 597,689 deaths in the US in 2010 attributed to heart disease. In Japan, there were 94,962 deaths attributed to heart disease and the population of Japan is about 128 million. If the United States were able to reduce its number of deaths to be proportional to that of Japan, about how many deaths due to heart disease would be expected?
A certain machine is depreciated linearly over time. Initially the machine was purchased in 2012 for $250000 and will have a scrap value of $18000 in 8 years. Write an equation that gives the book value of this machine x years after it purchased. What is the book value in 2016?