
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060X
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060X Exercise 45
Step-by-step solution
Step 1 of 5
A home purchased in 1996 for $190,000 and it was appraised at $270,000 in 2000.
And the rate of increase in the value of the home is assumed to be constant.
a) To find an equation for the value of the home as a function of the number of years, after 1996.
Assuming year 1996 as 0, then year 2000 will be 4.
Assume that the equation fits to the data
Substitute in the equation
as shown below:
Step 2 of 5
Step 3 of 5
Step 4 of 5
Step 5 of 5
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
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