SOLUTION: please with full details Thanks. A house purchased for $245,000 is expected to double in value in 15 years. find a linear equation that describes the house's value after t year

Question 186719This question is from textbook mathematical analysis
: please with full details
Thanks.
A house purchased for $245,000 is expected to double in value in 15 years. find a linear equation that describes the house's value after t years.
This question is from textbook mathematical analysis

Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
Value today is 245000
Value in 15 years is 490000
Rate of change per year =

where t is in years 0<=t<=15
RELATED QUESTIONS
A house purchased for 450000 dollars is expected to double in value in 15 years . Find a... (answered by ikleyn)

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

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

The value,$V, of a house n years after it was built is given by the formula V =... (answered by MathLover1,ikleyn)

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

Hi, the question i have is that a computer is purchased at end of 1999 for $3000. Scrap... (answered by Hook)

A house is purchased for 1,000,000 in 2002. The value of the house is given by the... (answered by ikleyn,Alan3354)

You wish to purchased a house for $200,000 in 12 years. You can invest your money at 5%/a (answered by Theo)

You wish to purchased a house for $200,000 in 12 years. You can invest your money at 5%/a (answered by ikleyn)