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.
Given:
The function is:

To find:
The steps of finding the inverse function
.
Solution:
We have,

The steps of finding the inverse function are:
Step 1: Substitute
.

Step 2: Interchange x and y.

Step 3: Taking square on both sides, we get

Step 4: Adding 21 on both sides, we get

Step 5: Divide both sides by 7.

Step 6: Substitute
.
, where
.
Therefore, the inverse of the given function is
and the arrangement of steps is shown above.
0.52 x 0.24 means "about a half times 0.24". Given the multiple choice answers, the correct answer is therefore 0.1224 (since this is the only one smaller than 0.24).
Proof:
0.50 × 0.24 = 0.12
0.01 × 0.24 = 0.0024
And therefore 0.51 × 0.24 = 0.12 + 0.0024 = 0.1224
.00429
I believe this is right! Have a good day!