Which is an exponential growth function?

Mathematics

1 answer:

Nataliya [291]2 years ago

6 0

Answer:

$f(x)=120,000(1.055)^{x}$

Step-by-step explanation:

In this problem we have a exponential function of the form

$f(x)=a(b)^{x}$

where

f(x) a home's value

x the number of years

a is the initial value

b is the base

b=(1+r)

r is the rate of grown

we have

a=$120,000

r=5.5%=5.5/100=0.055

b=1+0.055=1.055

substitute

$f(x)=120,000(1.055)^{x}$

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