One parcel of land is worth $100,000 now and is increasing in value at a rate of $3,000 per year. A second parcel of land is worth $60,000 now and is increasing in value at a rate of $8,000 per year. Write an equation that expresses the total value of the land (y) in years (x). When will the parcels be worth the same amount? How much will that be?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter8: Rational Expressions And Equations
Section8.9: Use Direct And Inverse Variation
Problem 8.181TI: A car’s value varies inversely with its age. Elena bought a two-year-old car for $20,000. a. Write...
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One parcel of land is worth $100,000 now and is increasing in value at a rate of $3,000 per year. A second parcel of land is worth $60,000 now and is increasing in value at a rate of $8,000 per year. Write an equation that expresses the total value of the land (y) in years (x). When will the parcels be worth the same amount? How much will that be?
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