Answer:
The growth is linear.
It will be worth $124,500 in three years.
Step-by-step explanation:
The value of a house is increasing by $1500 per year.
Fixed increase, that is, each year the value increases the same. So the growth is linear.
Value after t years:
The equation has the following format:
In which V(0) is the current value and a is the yearly increase.
The value of a house is increasing by $1500 per year. It is worth $120,000 today.
Then
So
What will it be worth in three years?
This is V(3).
It will be worth $124,500 in three years.