SOLUTION: For this problem, assume straight-line appreciation. A house purchased for $122,000 is expected to appreciate according to the formula y = 6,000x + 122,000, where y is the value

Question 1082610: For this problem, assume straight-line appreciation.
A house purchased for $122,000 is expected to appreciate according to the formula y = 6,000x + 122,000, where y is the value of the house after x years. Find the value of the house 5 years later and 10 years later.
The value of the house 5 years later is $ ____
and the value of the house 10 years later is $ _____

Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
y = 6,000x + 122,000
Now substitute x with:
5 years later is 6,000(5) + 122,000
10 years later is 6,000(10) + 122,000

RELATED QUESTIONS
A house purchased for $125,000 is expected to appreciate according to the formula y =... (answered by mananth)

an apartment is purchased for 200,000 and is expected to double in value every 9 years.... (answered by josgarithmetic,MathTherapy)

A house purchased for 450000 dollars is expected to double in value in 15 years . Find a... (answered by ikleyn)

In the year 1990, a house was appraised for $97,200. By the year 1998 the value had... (answered by josgarithmetic)

Hello, Can you please help me with this problem. ACME Company purchased equipment... (answered by Jazney)

Your business depreciates computers over a 5-year period. If a computer is purchased for... (answered by checkley71)

Hello, my problem is: Suppose you are the accountant for a certain pharmaceutical... (answered by ElectricPavlov)

I am stuck on a word problem and would appreciate any help. An appraiser reports... (answered by ewatrrr)

The Diaz family bought a new house 10 years ago for $80,000. The house is now worth... (answered by josmiceli)