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3 years ago

13

The following function represents the value of a house after x years: f(x) = 242,000(0.96)x What does 0.96 represent?

1 answer:

9966 [12]3 years ago

5 0

Because the 0.96 is less than 1, it means that the house loses value over the years.

Convert 0.96 to a percent: 0.96 = 96%

100% - 96% = 4%

The house loses 4% of it's value every year.

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