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nataly862011 [7]
3 years ago
6

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?
Mathematics
2 answers:
Alla [95]3 years ago
7 0

Answer:

f(x) = 120,000(1.055)x

Step-by-step explanation:

Fed [463]3 years ago
3 0
<span>
For the answer to the question above,
5.5% converted to a decimal is 0.055.
However, the house already retains 100% of it's value each year, with 5.5% as an increase.
therefore we can use the function </span><span>f(x) = 120,000(1.055)x to solve this.

</span>
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