Question

Please help me

The following function represents the value of a house after x years:

f(x) = 242,000(0.96)x

What does 0.96 represent?
The present value of the house
The value of the house after x years
The increase in the value of the house per year, which is 4%
The decrease in the value of the house per year, which is 4%

Answer 1

The value after X years is f(X) = 0.96, thus the value of the house after x years.