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Elias purchases a home for $38,900. The value of the home, in thousands of dollars, since his purchase is shown in the table. A 2-column table with 6 rows. The first column is labeled years since purchase with entries 0, 5, 10, 15, 20, 25. The second column is labeled value (thousands of dollars) with entries 38.9, 62.4, 89.3, 145.2, 210.8, 326.5. Find an exponential function that models the data. Round numerical values to the nearest hundredth. Let x be the number of years since the purchase. The function f(x) = ( )x models the data. Use the model to predict the home’s value. After 12 years, the home’s value will be about $ thousand. After 35 years, the home’s value will be about $ thousand.

Respuesta :

Answer:

f(x)=39.59 (1.09)

Use the model to predict the home’s value.

After 12 years, the home’s value will be about $

111 thousand.

After 35 years, the home’s value will be about $

808 thousand.

Step-by-step explanation:

Edge 2021 :)

A function assigns the values. After 35 years, the home’s value will be about $215.079.68 thousand.

What is a Function?

A function assigns the value of each element of one set to the other specific element of another set.

A general exponential equation is given as,

y = A(1+b)ˣ

Now, if x is the number of years since the purchase. And we substitute the value of the x and y from the table. Then we can write,

38.9 = A(1+b)ˣ

A = 38.9

Therefore, the equation can now be written as,

y = 38.9(1+b)ˣ

Substitute the second point in the equation,

y = 38.9(1+b)ˣ

62.4 = 38.9(1+b)⁵

1.604113 = (1+b)⁵

1+b = 1.09912

b= 0.09

Hence, the function that can model the value of the house after x years is y=38.9(1.09)ˣ.

B.) Now the value of the house after 12 years,

y=38.9(1.09)ˣ

y=38.9(1.09)¹²

y = 109.41

The home’s value will be about $ 109.41 thousand.

C.) After 35 years, the home’s value will be,

y=38.9(1.09)ˣ

y=38.9(1.09)¹⁰⁰

y = 215.079.68

After 35 years, the home’s value will be about $215.079.68 thousand.

Learn more about Function:

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