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

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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) About Me  (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 = +%28490000-245000%29%2F%2815-0%29+=+245000%2F15
ValueOfHouse+=+InitialValue+%2B+RateOfChangePerYear+%2A+years
ValueOfHouse+=+245000+%2B+%28245000%2F15%29+t where t is in years 0<=t<=15