Question

The value of a piece of property is growing at a rate of 3.5% annually. If the property was worth $125,000 when it was purchased, which equation could be used to determine the value of the property,x , years after it was purchased?
A.Y = 125000(3.5)x B. y = 125000(0.0035)x

C. y = 125000(1.035)x D. y = 125000(0.965)x

Answer 1

C.) Y = 125000(1.035)x

Step-by-step explanation:

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