Let's break down the information given in the problem:
- Jane became a real estate agent in 1990.
- She sold a house 8 years later (in 1998) for $144,000.
- She sold the same house 11 years after that sale (in 2009), which is 19 years after she became an agent, for $245,000.
To write an equation that represents the value of the house (V) related to the number of years (t) since Jane became a real estate agent, we can use the information from the two sales to find the rate of change in the value of the house over time. We can use this rate of change to write an equation in point-slope form:
V - V1 = m(t - t1)
where V1 is the value of the house at time t1, m is the rate of change in the value of the house, and t is the time since Jane became a real estate agent.
Using the two sales, we can find the rate of change in the value of the house as follows:
m = (V2 - V1) / (t2 - t1)
where V2 is the value of the house at the second sale, t2 is the time of the second sale (19 years after Jane became an agent), V1 is the value of the house at the first sale, and t1 is the time of the first sale (8 years after Jane became an agent).
Substituting the given values, we get:
m = ($245,000 - $144,000) / (19 - 8) = $10,100 per year
Now we can use the point-slope form equation to find the value of the house at any time t since Jane became a real estate agent. Let's choose 1990 as our initial time (t1), so V1 = $0:
V - 0 = $10,100 (t - 0)
Simplifying, we get:
V = $10,100t
Therefore, the equation that represents the value of the house (V) related to the number of years (t) since Jane became a real estate agent is V = $10,100t. Note that this equation assumes a constant rate of change in the value of the house over time, which may not be accurate in real life.