Asked by Hailey McCarthy
In 19977, a math professor bought her condominium for $60,000. The value of the condo has risen steadily so that in 2007 real estate agents tell her the condo is now worth $750,000. Find a formula to represent these facts about the value of the condo V (t), as a function of time,t, where t is in years after 1977.
Answers
Answered by
DonHo
The question says that the value has risen steadily, so I'm going to assume each year, the amount increased in the same.
Total Value - Initial Value = Amount increased
750,000 - 60,000 = 690,000
Total years:
2017-1977 = 40 years
Amount increased each year:
690,000/40 = 17250
V(t) = initial amount + amount increased each year x t
Answer:
V(t) = 60000+17250*t
Total Value - Initial Value = Amount increased
750,000 - 60,000 = 690,000
Total years:
2017-1977 = 40 years
Amount increased each year:
690,000/40 = 17250
V(t) = initial amount + amount increased each year x t
Answer:
V(t) = 60000+17250*t
Answered by
Steve
750,000 - 60,000 = 690,000
2017-1977 = 30 years
690,000/30 = 23,000
V(t) = initial amount + amount increased each year •t
Answer: V (t)=60,000+23,000t
2017-1977 = 30 years
690,000/30 = 23,000
V(t) = initial amount + amount increased each year •t
Answer: V (t)=60,000+23,000t
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