State whether the growth (or decay) is linear or exponential, and answer the associated question. The value of a house is increasing by $1500 per year. If it is worth $120,000 today, what will it be worth in three
years?

The growth is linear. The worth of the house after 3 years from now will be $124500.

Given information:

The value of a house is increasing by $1500 per year.

It is worth $120000 today.

The value of the house increases at a fixed rate of $1500 per year. So, it is a linear growth function.

Let the worth of the house after t years be V. The given situation can be written in equation form as,

Above equation represents the worth of house after t years.

So, the worth of the house after 3 years will be calculated as,

Therefore, the worth of the house after 3 years from now will be $124500.

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The growth is linear.

It will be worth $124,500 in three years.

Step-by-step explanation:

The value of a house is increasing by $1500 per year.

Fixed increase, that is, each year the value increases the same. So the growth is linear.

Value after t years:

The equation has the following format:

In which V(0) is the current value and a is the yearly increase.

The value of a house is increasing by $1500 per year. It is worth $120,000 today.

Then

So

What will it be worth in three years?

This is V(3).

It will be worth $124,500 in three years.

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step-by-step explanation: