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8 January, 06:08

A $100,000 house appreciates at a rate of $3500 a year. a. Find the equation that models the value of the house in y dollars after x years. b. Find the value of the house in 12

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  1. 8 January, 07:46
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    y = 100,000 + 3500x

    $142,000

    Step-by-step explanation:

    a. The fixed cost is 100,000 while appreciation is 3, 500/year.

    Now after x years, total appreciation equals 3,500 * x = 3500x

    The total amount in dollars is thus:

    y = 100,000 + 3500x.

    b. The value of the house in 12 years.

    Since y = 100,000 + 3500x, here, y = ? and x = 12.

    y = 100,000 + 3500 (12) = 100,000 + 42,000 = $142,000
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