Final answer:
To determine the house's value over time, a function can be created using the initial value and an annual growth rate. Specific details about the growth rate are needed for an accurate function, but a generic formula with a constant rate can still be provided.
Step-by-step explanation:
Creating a Function for House Value Over Time
To write a function that determines the value of a house in thousands of dollars based on the number of years since purchase, we would need additional information about how the house's value appreciates or depreciates over time. This could involve a fixed annual appreciation rate, market trends, renovations, or depreciation.
Without specific data, a generic function can still be proposed, assuming a constant annual percentage increase. Let's call the annual growth rate 'r' (in decimal form) and the original value of the house 'V'. The function would then be:
f(t) = V × (1 + r)^t
For example, if Kyle bought the house at a value of $100,000 (or 100 in thousands of dollars) and the annual growth rate is 3% (or 0.03), the function defining the future value of the house would be:
f(t) = 100 × (1 + 0.03)^t
Using this formula, we can calculate the future value of Kyle's house after any number of years 't'.