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PLEASE HELP ASAP

Belinda is thinking about buying a house for $179,000. The table below shows the projected value of two different houses for three years:


Number of years 1 2 3
House 1 (value in dollars) 186,160 193,606.40 201,350.66
House 2 (value in dollars) 190,000 201,000 212,000


Part A: What type of function, linear or exponential, can be used to describe the value of each of the houses after a fixed number of years? Explain your answer. (2 points)

Part B: Write one function for each house to describe the value of the house f(x), in dollars, after x years. (4 points)

Part C: Belinda wants to purchase a house that would have the greatest value in 30 years. Will there be any significant difference in the value of either house after 30 years? Explain your answer, and show the value of each house after 30 years. (4 points)

Respuesta :

In this question, two houses have an initial value of $179,000, and the projected values are given in the tables for houses 1 and 2.

Part a:

If the absolute value of the change is always the same, it is linear.

If the rate is the same, it is exponential.

House 1:

We have that:

193,606.4 - 186,160 = 7446.4

201,350.66 - 193,606.40 = 7744.26

Let's try exponential:

[tex]\frac{193,606.4}{186,160} = 1.04[/tex]

[tex]\frac{201,350.66}{193,606.40} = 1.04[/tex]

For house 1, the rate of change is the same, and thus, it is exponential.

House 2:

212,000  - 201,000 = 201,000 - 190,000 = 11,000.

Absolute value of change is the same, so linear.

Thus, for house 1, an exponential function is used, as the rate of change is the same, and for house 2, as the absolute value of change is always the same, it is linear.

Part B

House a:

Exponential function, with initial value of $179,000, and exponential growth rate of 1.04 - 1 = 0.04. Thus:

[tex]f_a(x) = 179000(1+0.04)^x[/tex]

[tex]f_a(x) = 179000(1.04)^x[/tex]

House b:

Linear function, with initial value of $179,000, increasing by $11,000 each year. So

[tex]f_b(x) = 179000 + 11000x[/tex]

Part c:

House a after 30 years:

[tex]f_a(30) = 179000(1.04)^30 = 580,568[/tex]

House b after 30 years:

[tex]f_b(30) = 179000 + 110000(30) = 509,000[/tex]

In 30 years, house a will have a value of $580,568, while house b will have a value of $580,568. House a will have a higher value, due to exponential growth.

For more about linear/exponential growth, you can check https://brainly.com/question/14983998

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