Question

A homes value increases at an average rate of 5.5% each year the current value it is $120,000 what function can be used to find the value of the home after X years?

Answer 1

Around this time many people find home prices going up dramatically. Let's start with the X factor. If we know the starting is $120,000, the we know the initial velocity. To find the final but the very simple equation one may use is; P=(120000)^x\0.5


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