document.write( "Question 130110: Where do I begin with this equation?
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document.write( " The value of a home bought in 1990 appreciates, or increases as time passes. Seven years after it was bought, the house was worth $165,000. Twelve years after the purchase of the house, the house was worth $180,000.
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document.write( "a. If the relationshi is LINEAR, write an equation that describes this relationship.(HINT: Start by writing two ordered pairs!)
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document.write( "b. Estimate the value of the house in the year 2005, which is 15 years after the purchase of the home. \n" );
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Algebra.Com's Answer #95042 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! The value of a home bought in 1990 appreciates, or increases as time passes. Seven years after it was bought, the house was worth $165,000. Twelve years after the purchase of the house, the house was worth $180,000. \n" ); document.write( "----------------------- \n" ); document.write( "You have two points (7,165000), (12,180000) \n" ); document.write( "slope = 15000/5 = 3000 \n" ); document.write( "--------------- \n" ); document.write( "165000 = 3000*7 + b \n" ); document.write( "b = 144000 \n" ); document.write( "----------- \n" ); document.write( "EQUATION: \n" ); document.write( "value = 3000(years after purchase) + 144000 \n" ); document.write( "--------------- \n" ); document.write( "b. Estimate the value of the house in the year 2005, which is 15 years after the purchase of the home. \n" ); document.write( "V(15) = 3000*15 + 144000 \n" ); document.write( "V(15) = 45000+144000 \n" ); document.write( "V(15) = 189000 \n" ); document.write( "===================== \n" ); document.write( "Cheers, \n" ); document.write( "San H. \n" ); document.write( " |