Is this a linear equation 4xy + 2y = 9
1 answer:
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Answer:
.
Step-by-step explanation:
We are given that,
The present value for the home is $120,000 and the rate of interest is 5.5% i.e. 0.055.
As we know that the function for the home is given by,
where P = present value, r = rate of interest, x = number of years.
So, according to the question, we get that,
i.e. .
Hence, we see that the function that represents the value of the home is .