Question

Check my answer please? Will give a medal.

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

f(x) = 242,000(1.04)x

What does 242,000 represent?

The present value of the house

The value of the house after x years

The increase in the value of the house each year

The increase in the value of the house after x years

Answer 1

I think it's B.

Answer 2

@TinkerbellGirl

Answer 3

@triciaal

Answer 4

I think it's B, but i might be wrong.

Answer 5

so think about what formula they are putting numbers into

Answer 6

pretty sure it is in the form pr^t or similar

Answer 7

okay

Answer 8

the formula doesn't meet the options

Answer 9

okay...

Answer 10

I think it's standard form..

Answer 11

it does meet the options, think about what p , r and t represent

Answer 12

it should be a . the present value. what you start with

Answer 13

I jusy can't grasp what you are getting at @FibonacciChick666 ?

Answer 14

what does the letter p represent in that style of question?

Answer 15

p is the principal the amount to be invested

Answer 16

?

Answer 17

yes, but that was for k142

Answer 18

ok, i don't see where your confusion lies @k142, but @happyfeet8040 do you understand the comparison?

Answer 19

@FibonacciChick666 well next time specify

Answer 20

well, next time don't just give an answer.

Answer 21

I can be snarky too

Answer 22

So, 242,000 represents the value of the house?

Answer 23

yea, now think for a sec. if x=0, what does f(x)=?

Answer 24

will it equal 242000? should it?

Answer 25

I believe so.

Answer 26

yea, that is because no time has elapsed, so it is a secondary way of ensuring you are correct

Answer 27

Oh, okay. I understand now, thank you :)

Answer 28

np

Answer 29

Could you possibly help me with one more? I'll open a new question and tag you.

Answer 30

sure

Answer 31

Thanks :)