SOLUTION: Please help me solve this problem. State whether the growth​ (or decay) is linear or​ exponential, and answer the associated question. The value of a house is increasing by â

Algebra ->  Finance -> SOLUTION: Please help me solve this problem. State whether the growth​ (or decay) is linear or​ exponential, and answer the associated question. The value of a house is increasing by â      Log On


   



Question 1144145: Please help me solve this problem.
State whether the growth​ (or decay) is linear or​ exponential, and answer the associated question.
The value of a house is increasing by ​$1700 per year. If it is worth ​$190 comma 000 ​today, what will it be worth in three ​years?

Answer by ikleyn(52794) About Me  (Show Source):
You can put this solution on YOUR website!
.
According to the condition, the value of increasing is the same from year to year.


Hence, it is a linear growth.


The house will be worth  190,000 + 3*1700 dollars in three years.


To get the numerical value, use your calculator.