Point R on the coordinate grid below shows the location of a car in a parking lot. A second car needs to park 7 units above R to
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Answer:
12500 dollars/year
Step-by-step explanation:
A linear equation i in the form y = mx + b, where y is a dependent variable, x is an independent variable, m is the rate of change and b is the initial value of y (i.e. x = 0).
Let x represent the year and y represent the cost of the house. Given that x = 0 represent 2000, hence we can represent the problem in the form (x, y) as:
(7, 120000) and (17, 245000). The annual rate of change is gotten using: