Question

A house that costs $200,000 will appreciate in value by 3% each year. Write a function that models the cost of the house over time. Use x for years, and y for the value of the house, in dollars. Find the value of the house at the end of ten years.

Answer 1

Each year=3÷100×200,000
=6000 appreciated every year
6000+200000=206000

in ten years=6000×10=60000
=60000+200000
260000