AnswersCA-Mathematics IExponential Growth Functions

Exponential Growth Functions Answers

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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?

A
f(x) = 120,000(1.055x)
B
f(x) = 120,000(0.055)x
C
f(x) = 120,000(1.055)x
D
f(x) = [(120,000)(1.055)]x

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