SOLUTION: the price of a home in medford was 100,000 in 1985 and rose to 180,000 in 2001.
create 2 models f(t) assuming linear growth and g(t) assuming exponential growth. where t=number of
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create 2 models f(t) assuming linear growth and g(t) assuming exponential growth. where t=number of
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Question 227396: the price of a home in medford was 100,000 in 1985 and rose to 180,000 in 2001.
create 2 models f(t) assuming linear growth and g(t) assuming exponential growth. where t=number of years after 1985. f(t)=? g(t)=?
Could somebody please help me solve this! Thanks, Mark Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = number of years passed since 1985
Let = price of a home in Medford
The linear growth equation looks like = slope dollars/year
When the year is 1985,
So, the linear equation is
so, if in 2001,
------------------------
If the growth is exponential, the form
is
where
In 1985, and
In 2001, and
So, the exponential equation is
check:
For 2001,
OK
