SOLUTION: The value of a house is expected to grow at a rate of 2,500 every three years. Its current value is 89,500. determine the variables involved. Write the equation relating to the va

Question 1134382: The value of a house is expected to grow at a rate of 2,500 every three years. Its current value is 89,500. determine the variables involved.
Write the equation relating to the variables involved. (y=mx+b)
Found 2 solutions by josgarithmetic, mathsolverplus:
Answer by josgarithmetic(39628) (Show Source): You can put this solution on YOUR website!

x=0 for $89500
Answer by mathsolverplus(88) (Show Source): You can put this solution on YOUR website!
y=mx+b
y represents the value of the house after x years.
m represents the growth rate per year
b represents the initial value of the house
Therefore, the equation would be written as:

For more additional instant FREE math help, check out our Instagram account:
https://www.instagram.com/mathsolver.plus/
RELATED QUESTIONS
A local university is planning to invest $500,000 every 3 months in an investment which... (answered by Theo)
a local university is planning to invest $ 500,000 every 3 months in an investment which... (answered by ikleyn)
A local university is planning to invest $500,000 every 3 months in an investment which... (answered by CPhill)
The value of a house appreciated at the rate of 3.5% per annum. If its original value was (answered by Theo)
The initial value of a stock is $2500. The value of the stock is expected to grow at an... (answered by leslielai89)
A person wishes to deposit $5,000 per year in a savings account which earns interest of 8 (answered by ikleyn)
500 hundred raffle tickets were sold for $2 each. A prize of $400 is to be awarded. If... (answered by stanbon)
A shoe company just paid a dividend of $1.65 on its common stock. This companys dividens... (answered by scott8148)
Suppose that the value of a certain antique collection increases with age and its rate... (answered by Edwin McCravy,greenestamps)