<PRE><B>Question 130110</B>
  The value of a home bought in 1990 appreciates, or increases as time passes. Seven years after it was bought, the house was worth $165,000. Twelve years after the purchase of the house, the house was worth $180,000.
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You have two points (7,165000), (12,180000)
slope = 15000/5 = 3000
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165000 = 3000*7 + b
b = 144000
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EQUATION:
value = 3000(years after purchase) + 144000
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b. Estimate the value of the house in the year 2005, which is 15 years after the purchase of the home.
V(15) = 3000*15 + 144000
V(15) = 45000+144000
V(15) = 189000
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Cheers,
San H.</PRE>