Answer:
$205,000
Explanation:
With a pricing formula as stated below
y = 60 + 0.068x1 - 2.5x2
where x1 = total number of square feet of the living space
and x2 = the age of the house (years).
When the age of the home (x2) = 10 years, and the home has 2,500 square feet of living area (x1), the price of the home is
y = 60 + (0.068 * 2,500) - (2.5 * 10)
= 60 + 170 - 25
= 205
Since y is in ($1,000s) as given, the price of the home is $205,000.
