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26 July, 00:03

The equation p = 1.95t² + 12.25t + 125 approximates the average sale price p of a house (in thousands of dollars) for years t since 2010.

What is the best estimate for the price of the house in year 2021?

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  1. 26 July, 02:58
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    Resolving p = 1.95t² + 12.25t + 125

    year=2010 for t=0

    year=2021 for t = (2021-2010) = 11

    We have that

    p = 1.95 * (11) ^² + 12.25 * (11) + 125

    p = 495.70 thousands of dollars

    p = 495700 dollars

    is the best estimate for the price of the house in year 2021
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