James purchases a property for $150,000 in 2015. in the first year of ownership the capital appreciation of the property (how much its value increases by per annum) is 4%. in year 2, the housing market suffers a crash and the house experiences a capital depreciation of 6%. calculate the value of the property, to the nearest $1,000, at the end of year 2. round your answer to the nearest $1,000.

$147,000

Step-by-step explanation:

After 1st year:

we need to increase 150,000 by 4%. That means the value would be 150,000 multiplied by 1.04. So:

150,000 * 1.04 = 156,000

After 2nd year:

The new appreciated value of 156,000 will now suffer a loss of  6%. So we need to find the new value by multiplying 156,000 by 0.94 (6% loss). So:

156,000 * 0.94 = 146,640

To the nearest 1000, this would be $147,000

the direct variation says that:

then the equation is of the form is given by:

            where k is the constant variation.

from the given table:

consider any value of x and m(x)=y

x = 2 and m(x)=y = 3

substitute these value in [1]; we have;

divide both sides by 2 we get;

⇒

check:

put x = -1 and m(x) = -1.5

substitute in the equation:

-1.5 = -1.5                   true

therefore, the function m(x) represents a direct variation

graph of this function as shown below:

answer: give more info

step-by-step explanation: