The value of a $225,000 house increases at a rate of 3.5% each year. Use a graph to predict the value of the house in 8 years.
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
Given the points (3, 9) and (9, 1), we must first solve for the slope of the line before proceeding with writing the point-slope form.
In order to solve for the slope (<em>m </em>), use the following formula:
m = (y₂ - y₁)/(x₂ - x₁)
Let (x₁, y₁) = (3, 9)
(x₂, y₂) = (9, 1)
Substitute these values into the given formula:
m = (y₂ - y₁)/(x₂ - x₁)
m = (1 - 9)/(9 - 3)
Therefore, the slope of the line, m = -4/3.
Next, using the slope, m = -4/3, and one of the given points, (x₁, y₁) = (3, 9), substitute these values into the following point-slope form:
y - y₁ = m(x - x₁)
⇒ This is the <u>point-slope form</u>.