Question

In

2013
20132013 the median monthly rent for a one-bedroom apartment in San Francisco was
$
2
,
750
$2,750dollar sign, 2, comma, 750. The equation below models the median monthly cost,
�
CC, in dollars, for a one-bedroom apartment over the next
�
tt years
(
(left parenthesisassuming
2013
20132013 to be
�
=
0
)
t=0)t, equals, 0, right parenthesis.

Answer 1

Answer: The equation that models the median monthly cost for a one-bedroom apartment in San Francisco over the next "t" years, assuming 2013 as the starting point (t = 0), is:

C = 2,750t

In this equation, "C" represents the median monthly cost in dollars, and "t" represents the number of years after 2013. The equation implies that the median monthly cost for a one-bedroom apartment in San Francisco increases linearly over time. For example, after 1 year (t = 1), the cost would be $2,750. After 2 years (t = 2), the cost would be $5,500, and so on. The equation provides a straightforward way to estimate the future median monthly cost based on the number of years since 2013.

Explanation: Please let me know if this is different! I was a little bit confused on symbols!