Question

You buy a house for $130000. it appreciates 6% per year. how much is it worth in 10 years

growth or decay?

write a function that represents the situation:
initial amount=
growth/decay rate:

Answer 1

Growth because “appreciate” 6% per year

Initial amount = 130000
Growth/decay rate: 0.06

130000(1+0.06)^x

Hope this helps!