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?

Question

Revolt · Accepted Answer

f(x) = 120,000(1.055)x

Exponential Growth Functions

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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