Question

In a volatile housing market, the overall value of a home can be modeled by V(x)

= 500x^2 - 500x + 125,000. V represents the value of the home, while x represents each year after 2020. What is the y-intercept, and what does it mean in terms of the value of the home?
Please answer fast!

Answer 1

To find the y-intercept of the given equation, we need to set x = 0 and evaluate the equation V(x).

When x = 0, the equation becomes:

V(0) = 500(0)^2 - 500(0) + 125,000

= 0 - 0 + 125,000

= 125,000

Therefore, the y-intercept is 125,000.

In terms of the value of the home, the y-intercept represents the initial value of the home when x = 0, which in this case is $125,000. This means that in the year 2020 (x = 0), the value of the home is $125,000.