To the nearest thousand, because when you are estimating numbers, you always round to the nearest higher place (like the nearest tenth if comparing 26 and 18).
Answer
Given
Sean's house is currently worth $188,900.
According to a realtor, house prices in Sean's neighborhood will increase by 4.8% every year.
To prove
Formula

Where r is the rate in the decimal form.
As given


= 0.048
Put in the formula


Now also calculated monthly.
Formula

As given


= 0.048
Put in the formula



As the approximation quarterly growth rate of the value of sean's house is near the Compounded quarterly interest .
Thus Option (A) is correct.
i.e
The expression
reveals the approximate quarterly growth rate of the value of Sean's house.
The slope is y=1/2x + 2 or y= 0.5x+2