A home’s value increases at an average rate of 5.5% each year. The current value is $120,000. What function can be used to find the value of the home after x years?

ANSWERS

2017-08-13 07:14:04

So we need to cover 5.5% into a decimal. 0.055 = 5.5% The house value is 120,000. So (1.055x) * (120,000)= So f(x)=1.055x * 120,000

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