Concept explainers
a.
The equation of median house price for t years after 2010.
a.
Answer to Problem 27PPS
The equation of median house price for t years after 2010 is
Explanation of Solution
Given:
The value of the median house decreases by 4.25% per year and the table is shown below
MEDIAN HOUSE PRICE | |
2010 | $194,375 |
2011 | $180,046 |
2012 | $178,005 |
Concept used:
The formula of reduction rate over a time period is given by,
Calculation:
The value of the house after t is calculated as,
Conclusion:
Hence, the equation of median house price for t years after 2010 is
b.
The price of the median house in 2030 .
b.
Answer to Problem 27PPS
The price of the median house in 2030 is
Explanation of Solution
Given:
The value of the median house decreases by 4.25% per year and the table is shown below
MEDIAN HOUSE PRICE | |
2010 | $194,375 |
2011 | $180,046 |
2012 | $178,005 |
Concept used:
The formula of reduction rate over a time period is given by,
Calculation:
The value of the house after t is calculated as,
Conclusion:
Hence, the equation of median house price in 2030 is
Chapter 7 Solutions
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Additional Math Textbook Solutions
College Algebra
Differential Equations and Linear Algebra (4th Edition)
Intermediate Algebra for College Students (7th Edition)
Elementary and Intermediate Algebra: Concepts and Applications (7th Edition)
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences (5th Edition)
Linear Algebra with Applications (9th Edition) (Featured Titles for Linear Algebra (Introductory))
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education