Question

the estimated value of an investment property is $229, 500. one investment plan suggests various options if the value reaches 2% above or below the estimated value. let x be the estimated value at any time in the future. write an absolute value equation to represent the information in the proposal. enter your answer in the box. |x - 229, 500| = \square

Explanation:

Step1: Calculate 2% of 229500

To find 2% of 229500, we use the formula for percentage: $2\%$ of $229500$ is $0.02\times229500$.
Calculating that: $0.02\times229500 = 4590$.

Step2: Relate to absolute value equation

The absolute value equation $|x - 229500|$ represents the distance between $x$ (the future value) and the estimated value $229500$. This distance should be equal to 2% of 229500, which we calculated as 4590. So the right - hand side of the equation is 4590.

Answer:

4590