The appreciation rate would be 6.31% per year.
Answer:


Step-by-step explanation:
<u>Factored form of a quadratic function</u>

where:
- p and q are the x-intercepts
- a is some constant
Given x-intercepts:
Therefore:


To find a, substitute the given vertex (2, -8) into the equation and solve for a:



Therefore, the function's equation in factored form is:

<u>Vertex form of a quadratic equation</u>
<u />
where:
- (h, k) is the vertex
- a is some constant
Given:
Therefore:

To find the constant a, substitute one of the x-intercepts into the equation and solve for a:



Therefore, the function's equation in vertex form is:

I multiplied 17.5 times 2.48 and got 43.4