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:

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

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:

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

axie · Answer

Ok so what does the equation represent?

Axolotl · Answer

●present value of a house is $242,000
●The value of the house increases at the rate of 4% every year

axie · Answer

The equation represents the rate of which the price of the house rises or lowers, so what would the f(x) be

Axolotl · Answer

@axie wrote:

The equation represents the rate of which the price of the house rises or lowers, so what would the f(x) be

The increase in the value of the house each year?

axie · Answer

Close, we are not given how many years it would be.

Axolotl · Answer

@axie wrote:

Close, we are not given how many years it would be.

The increase in the value of the house after x years!

axie · Answer

Yus!!!!!

Axolotl · Answer

@axie wrote:

Yus!!!!!

yay! Thank you!