A house is worth $350,000 when purchased. It was worth $335,000 after the first year and $320,000 after the 2nd year.
So, the difference between initial cost and the cost after one year =
335,000 - 350,000 = -15,000
The difference between the cost after one year and after 2 years =
320,000 - 335,000 = -15,000
As the common difference is constant
so, the cost represents Arithmetic sequence
the first term is 330,000 and the common difference is -15,000
The general form of the sequence is a + d(n - 1)
where a is the first term and d is the common difference and n the number of term
so, a = 335,000 and d = -15,000
so, the general form will be = 335,000 - 15,000(n-1)
So, the value of the house after 5 years = 335,000 - 15,000 * (5-1) = 275,000
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1. Geometric or Arithmetic and Why?
Arithmetic
2. Complete a table that shows the value of the house for 5 years.
For 5 years:
first year = $335,000
second year = $320,000
third year = $305,000
fourth year = $290,000
fifth year = $275,000
3. Write an explicit and recursive formula for the sequence.
The formula will be : 335,000 - 15,000(n-1)
4. What is the value of the house after you have lived in it for 10 years?
After 10 years;
the value of the house = 335,000 - 15,000 * (10-1)
= 335,000 - 15,000 * 9 = $200,000
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