The graph shows the estimated value of a piece of land, where x is the number of years since the purchase and y is the estimated value in thousands of dollars. The graph shows the estimated value of a piece of land, where x is the number of years since the purchase and y is the estimated value in thousands of dollars. What was the purchase price of the land? $10,200 $100,000 $102,000 $1,000,000

The correct answer is B. $100,000

Explanation:

The graphic shows how the value of the piece of land changed from the moment it was bought to five years later by relating the value in the y-axis to the years passed in the x-axis. The initial value or purchase price of the land is the value shown in the y-axis at 0 years (x-axis )or the first orange dot because this is the initial value of the land before any time had passed. According to this, the value is $100,000 considering the number in this intersection is 100 but this is the value in thousands of dollars.

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