Question 1042230
First is 1800+0.03x, where x is home value
Second is 200+0.08x
set them equal and solve for x
1800+0.03x=200+0.08x
1600=0.05x
divide by 0.05 (or multiply by 20)
32000=x
That is where they are equal.
One can try 30,000 and compare both
The first would be 1800+0.03(30,000)=2700
The second would be 200+0.08(200)=360
So for house prices > 32,000, plan 1 would be better.
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Set it as an inequality.
1800+0.03x<200+0.08x
-0.05x<-1600
divide by -20 and flip inequality signs
x>$32,000