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1 month ago

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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? f(x) = 120,000(1.055x) f(x) = 120,000(0.055)x f(x) = 120,000(1.055)x f(x) = [(120,000)(1.055)]x

2 answers:

Svet_ta [12.7K]1 month ago

8 0

Answer:

$f(x)=120000 \times (1.055)^{x}$

Step-by-step explanation:

The present value of the house is $120,000 and the interest rate is 5.5%, or 0.055.

We will utilize the following equation:

$f(x)=P \times (1+r)^{x}$

where $P$ represents the present value, $r$ symbolizes the interest rate, and $x$ refers to the number of years.

By inputting the values into the above equation, we can obtain:

$f(x)=120000 \times (1+0.055)^{x}$

$f ( x ) = 120000 \times ( 1.055 ) ^ { x }$

Leona [12.6K]1 month ago

7 0

Answer:

C

F(x) = 120000(1.055)x

Step-by-step explanation:

Just took the test

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1)

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2)

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Please refer to the provided image for clarity regarding this issue.

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Refer to the additional figure N 2.

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2 months ago

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