SOLUTION: For this problem, assume straight-line appreciation.
A house purchased for $122,000 is expected to appreciate according to the formula y = 6,000x + 122,000, where y is the value
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-> SOLUTION: For this problem, assume straight-line appreciation.
A house purchased for $122,000 is expected to appreciate according to the formula y = 6,000x + 122,000, where y is the value
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Question 1082610: For this problem, assume straight-line appreciation.
A house purchased for $122,000 is expected to appreciate according to the formula y = 6,000x + 122,000, where y is the value of the house after x years. Find the value of the house 5 years later and 10 years later.
The value of the house 5 years later is $ ____
and the value of the house 10 years later is $ _____
You can put this solution on YOUR website! y = 6,000x + 122,000
Now substitute x with:
5 years later is 6,000(5) + 122,000
10 years later is 6,000(10) + 122,000
