Answer:
Step-by-step explanation:
If the price is supposed to be dropping with each year, maybe your year/price chart would reflect that. Seems to me that the price rose between 2015 and 2016 and even by 2017 the value was still higher than it was in 2015.
I have no way of knowing how to fix this.
Let's ASSUME that the 2015 price was $71,445 and that the 2016 and 2017 prices are valid.
the decrease between 2015 and 2016 is (71445 - 68640) / 71445 = 0.03926
or 3.926%
the decrease between 2016 and 2017 is (68640 - 65945)/68640 = 0.03926
or 3.926%
so the price each year after new is
p = 71445(1 - 0.03926)ⁿ
or
71445(0.96074)ⁿ
where n is the number of years.
To get the monthly version, we divide the decrease by 12
p = 71445(1 - 0.03926/12)ˣ
or
p = 71445(1 - 0.00327)ˣ
or
p = 71445(0.99673)ˣ
where x is the number of months since new.
This may not be your exact answer, but the same method can be used if you get real numbers.
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They are the same fraction, so they are proportional.
The correct answer is:
How to find X if P percent of it is Y. Use the percentage formula Y/P% = X
Convert the problem to an equation using the percentage formula: Y/P% = X
Y is 26,400, P% is 16%, so the equation is 26,400/16% = X
Convert the percentage to a decimal by dividing by 100.
Converting 16% to a decimal: 16/100 = 0.16
Substitute 0.16 for 16% in the equation: 26,400/0.16 = X
Do the math: 26,400/0.16 = X
X = 165,000
So $ 165,000 is the price of the home.
I hope this helps you!!
Pretty sure its 58, because i think you find it by multiplying the 4 inches by 14.5 because that's what each inch represents, so if this is wrong I'm sorry, but I'm pretty sure its 58.