Question

The present value of a house is $242,000. The value of the house increases at the rate of 4% every year. A function is shown below:

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

What does f(x) represent?

a) The original value of the house
b) The future value of the house after x years
c) The increase in the value of the house each year
d) The increase in the value of the house after x years

Answer 1

b because f(x) = total value and x represents number of years so b would be the best option