SOLUTION: The value of a house is expected to grow at a rate of 2,500 every three years. Its current value is 89,500. determine the variables involved. Write the equation relating to the va

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: The value of a house is expected to grow at a rate of 2,500 every three years. Its current value is 89,500. determine the variables involved. Write the equation relating to the va      Log On


   

Question 1134382: The value of a house is expected to grow at a rate of 2,500 every three years. Its current value is 89,500. determine the variables involved.
Write the equation relating to the variables involved. (y=mx+b)
Found 2 solutions by josgarithmetic, mathsolverplus:
Answer by josgarithmetic(39628) About Me  (Show Source):
You can put this solution on YOUR website!
y=%282500%2F3%29x%2B89500

x=0 for $89500

Answer by mathsolverplus(88) About Me  (Show Source):
You can put this solution on YOUR website!
y=mx+b
y represents the value of the house after x years.
m represents the growth rate per year
b represents the initial value of the house
Therefore, the equation would be written as:
y=%282500%2F3%29x%2B89500
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