average price of homes. if this trend continues, what will be the average price of a home in year 7…

average price of homes. if this trend continues, what will be the average price of a home in year 7? $195,000 $205,000 $295,000 $305,000
Answer
Explanation:
Step1: Determine the price - increase pattern
From Year 1 to Year 2: $150000 - 140000=10000$; from Year 2 to Year 3: $160000 - 150000 = 10000$; from Year 3 to Year 4: $170000 - 160000=10000$; from Year 4 to Year 5: $180000 - 170000 = 10000$; from Year 5 to Year 6: $190000 - 180000=10000$. The price increases by $10000$ each year.
Step2: Calculate the price in Year 7
The price in Year 6 is $190000$. If the trend continues, the price in Year 7 will be $190000+10000 = 200000+5000=205000$.
Answer:
$205000$ (corresponding to the option $$205,000$)