Determine whether the growth (or decay)is linear or exponential, and answer the associated question.
-The value of your house is rising by $24,731 per year. If it is worth $199,401 today, what will it be worth in three years?
A)Exponential; $283,176.32
B)Linear; $273,594.00
C)Linear; $622,934.00
D)Exponential; $672,396.00

Question

Quizplus · Accepted Answer

The value of the house increases by a fixed amount ($24,731) each year, which is characteristic of linear growth. In three years, the value will increase by 3 * $24,731 = $74,193. Adding this to the current value of $199,401 gives $273,594.

Determine Whether the Growth (Or Decay)is Linear or Exponential, and Answer