SOLUTION: A house purchased for 450000 dollars is expected to double in value in 15 years . Find a linear equation that describes the house's value after t year.

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Question 1192593: A house purchased for 450000 dollars is expected to double in value in 15 years . Find a linear equation that describes the house's value after t year.
Answer by ikleyn(52778) About Me  (Show Source):
You can put this solution on YOUR website!
.

Under given conditions, the annual rate of increasing the value of the house is  450000%2F15 = 30000  dollars per year.


So the formula for the house value after t years is


    v(t) = 450000 + 30000*t  dollars.    ANSWER

Solved.