Answer:
Given that,
A new home was purchased for $480,000 in the year 2021.
The value has been increasing by $6,000 per year.
To find an equation for y, the value at time t, that represents the situation.
Step-by-step explanation:
Let t represents the number of years after 2021.
That is, when t=0 represent the year 2021.
y represents the value of the home purchased over the years.
Since, The value has been increasing by $6,000 per year, the values follows the arithmetic sequence.
Since the value of t starts from 0, we get the equation as,
Where t represents the number of years after 2021.
The required equation for the value of home y is,
where t represents the number of years after 2021.