Can someone check if I am right plz

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?

The original value of the house

The future 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

I say it is B

Question

Can someone check if I am right plz

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?

The original value of the house

The future 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

I say it is B

mathmale · Answer

f(x) = 242,000(1.04)x  would be much clearer if you'd please write it as $$f(x)=242000(1.04)^x$$

mathmale · Answer

This is a classic example of compound interest problems, applicable also to the appreciation in value of a house over time.

What if x=0?  f(0)=?
What's f(1)?
f(2)?
Does this pattern give you a clue to what is happening here?

anonymous · Answer

Yes so f(x) would be the future value of the house after x days right or is it the original value of the house?