23. Question 23 and 24 refer to the following information.
The Townsend Realty Group invested in the five different properties listed in the following table. The table shows the amount, in dollars, the company paid for each property and the corresponding monthly rental price, in dollars, the company charges for the property at each of the five locations.
23. Question 23 and 24 refer to the following information.
The Townsend Realty Group invested in the five different properties listed in the following table. The table shows the amount, in dollars, the company paid for each property and the corresponding monthly rental price, in dollars, the company charges for the property at each of the five locations.
Begin skippable figure description.
The figure presents a 3column table with 5 rows of data that is titled “Townsend Realty Group Investments.” The heading for column 1 is “Property address.” The heading for column 2 is “Purchase price, in dollars.” The heading for column 3 is “Monthly rental price, in dollars.” The data are as follows.
Row 1, Clearwater Lane: purchase price, 128,000 dollars; monthly rental price, 950 dollars.
Row 2, Driftwood Drive: purchase price, 176,000 dollars; monthly rental price, 1,310 dollars.
Row 3, Edgemont Street: purchase price, 70,000 dollars; monthly rental price, 515 dollars.
Row 4, Glenview Street: purchase price, 140,000 dollars; monthly rental price, 1,040 dollars.
Row 5, Hamilton Circle: purchase price, 450,000 dollars; monthly rental price, 3,365 dollars.
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Question 23.
The relationship between the monthly rental price r, in dollars, and the property’s purchase price p, in thousands of dollars, can be represented by a linear function. Which of the following functions represents the relationship?
Begin skippable figure description.
The figure presents a 3column table with 5 rows of data that is titled “Townsend Realty Group Investments.” The heading for column 1 is “Property address.” The heading for column 2 is “Purchase price, in dollars.” The heading for column 3 is “Monthly rental price, in dollars.” The data are as follows.
Row 1, Clearwater Lane: purchase price, 128,000 dollars; monthly rental price, 950 dollars.
Row 2, Driftwood Drive: purchase price, 176,000 dollars; monthly rental price, 1,310 dollars.
Row 3, Edgemont Street: purchase price, 70,000 dollars; monthly rental price, 515 dollars.
Row 4, Glenview Street: purchase price, 140,000 dollars; monthly rental price, 1,040 dollars.
Row 5, Hamilton Circle: purchase price, 450,000 dollars; monthly rental price, 3,365 dollars.
End skippable figure description.
Question 23.
The relationship between the monthly rental price r, in dollars, and the property’s purchase price p, in thousands of dollars, can be represented by a linear function. Which of the following functions represents the relationship?