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A home’s value increases at an average rate of 5.5 % each year. The current value is $120,000. What function can be used to find the value of the home after x years?

A home’s value increases at an average rate of 5.5 % each year. The current value is $120,000. What function can be used to find the value of the home after x years?
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A home’s value increases at an average rate of 5.5 % each year. The current value is $120,000. What function can be used to find the value of the home after x years?

asked
User Jeffmaher
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8.4k points

1 Answer

0 votes

Answer:


y = 120000( {1.055}^(x) )

answered
User Lvarayut
by
8.3k points
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