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.
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.
