Problem

Appraised Value of a Home In 1998, a house was purchased for $120,000. In 2008, it w...

Appraised Value of a Home In 1998, a house was purchased for $120,000. In 2008, it was appraised for $146,000.

(a) If x = 0 represents 1998 and x = 10 represents 2008, express the appraised value of the house, y, as a linear function of the number of years, x, after 1998.

(b) What was the house worth in the year 2005?

(c) What does the slope of the line represent?

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