11: 4,874 > 4,784 > 4,687
12: 8.09 > 8.057 > 8.023
13: 15.820 > 15.280 > 15.000
14: 43,628 > 40,628 > 34,628
15: 395.050 > 395.009 > 395.005
5,000 × 3.8%= 19,000×18= 342,000 × 40 = 13,680,000
A common factor of both 126 and 399 is 3 so we can divide both numbers by 3.
126 / 3 = 42
399 / 3 = 133
A common factor for both 42 and 133 is 7 so we can divide both numbers by 7.
42 / 7 = 6
133 / 7 = 19
19 is a prime number so we can't reduce it anymore, therefore 126/399 in its simplest form is 6/19
The number 1.04 represents the rate at which the house appreciates, or increases in its price annually.
As according to the values of an exponential equation, which is represented by this: y=ab^x, the a value represents the original price, the b value represents the rate of growth/decay (if growth, you add 1 to the rate, if decay, you subtract the rate from 1), and x represents the amount of times it decays or grows.
As according to the function <span> f(x) = 242,000(1.04)^x, 242,000 is the original price and 1.04 is the rate of growth since 1 has been added to the the 4% annual growth.</span>
