9514 1404 393
Answer:
a) 125000
b) the value now
c) 140000
d) 7500 per year
Step-by-step explanation:
a) Comparing the equation to slope-intercept form (y = mx+b) we see that the y-intercept (b) is 125000.
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b) We presume that "starting now" means x=0 corresponds to "now." The y-intercept is the value when x=0, so the y-intercept represents the value now.
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c) When x=2, the value is ...
y = 7500(2) +125000 = 140000
The value of the house is projected to be 140000 two years from now.
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d) The coefficient of x being 7500 means the value will increase 7500 each year.