Math  /  Word Problems

QuestionBob bought a house for \$42,000. Now it's worth \$67,500 after 8 years.
(a) Find the linear equation V=mt+bV=m t+b for 0t150 \leq t \leq 15. What are mm and bb? (b) Estimate when the house will be worth \$72,500. (c) Solve for when it will be worth \$74,000. (d) Find when it will be worth \$80,250.

Studdy Solution
Calculate tt.
t=$38,250$3,187.50=12yearst = \frac{\$38,250}{\$3,187.50} =12\,yearsSo, the house will be worth 72,500inabout.57years,72,500 in about.57 years, 74,000 in about10.04 years, and $80,250 in about12 years after purchase.

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