The Smith family purchased a home in 1950 for $25,000. The value of the home has increased by approximately 3.5% per year since. Which function could be used to model the approximate value of the home, v(t), t years after 1950?

Step-by-step explanation:

v(t) =  25,000×1.035^t

boxplot

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is