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The following is for Problems 1 & 2. The value of a condo bought in 2000 continues to increase as time passes. Seven years after the condo was bought, it is worth $210,000; 12 years after it was bough
The following is for Problems 1 & 2. The value of a condo bought in 2000 continues to increase as time passes. Seven years after the condo was bought, it is worth $210,000; 12 years after it was bough
The following is for Problems 1 & 2. The value of a condo bought in 2000 continues to increase as time passes. Seven years after the condo was bought, it is worth $210,000; 12 years after it was bought, it is worth $270,000.
Problem 1: Assuming that this relationship between the number of years past 2000 and the value of the condo is linear, write an equation describing this relationship.
Problem 2: Use this equation to estimate the value of the condo in 2018.
Problem 3: Perform the operation
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*** *** ***** ** ***** in 2000 ** * **** ***** ** *** ***** ***** * ***** passes **** ** ** ****** relation to *** ****** of years ********* value ** ***** ** **** ** *********** we get the ********* **** * 210000 * * ** * ******** ** the ****** relation between number of ***** *** *** ***** of *************** ** *** *** ******** *** 2012 ** follows2 ***** = 270000Now solving ***** equations 1 and * *** * ********* * *** * ** shown below -x+7y * *********** * ************ **** ***** ** x ** ******** 2(210000-7y) + *** * 270000-7y+12y = 270000-2100005y = ****** * ******* * ********** * ******* ********** = ****** - 84000x = $126000In ********* of ***** **** ****** *** ***** ************* * * * *** = ****** * (18*12000) * ****** * *********** ** ***** ** **** * *******