A farmer buys a piece of land. He expects it to appreciate at a constant rate...

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A farmer buys a piece of land. He expects it to appreciate at a constant rate over the next ten years. He bought the land today at $7,540 per acre and expects the land to be worth $9,680 per acre in 10 years. Write an equation for the current price P of the land after t years of buying it. Round answers to two decimal places if needed. Equation is P = mt + b where and m= If the farmer is correct, how much will the land be worth 6 years from the time he buys it? A farmer buys a piece of land. He expects it to appreciate at a constant rate over the next ten years. He bought the land today at $7,540 per acre and expects the land to be worth $9,680 per acre in 10 years. Write an equation for the current price P of the land after t years of buying it. Round answers to two decimal places if needed. Equation is P = mt + b where and m= If the farmer is correct, how much will the land be worth 6 years from the time he buys it?

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Let P be the price of the land per acre after t years Then the linear function i... View the full answer