Yacouba purchased a three bedroom house in Kingwood, TX for $185,000. Housing prices are expected to increase 2.1% annually.Which of the following functions best represents the price of the house after

Rytisk asked Apr 9, 2023

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Rytisk asked Apr 9, 2023

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21 votes

The equation for the price of house after x years is,

Simplify the equation to obtain the equation for value of house after x years.

$\begin{gathered} f(x)=185000(1+0.021)^x \\ =185000(1.021)^x \end{gathered}$

So option B is correct.

Parulb answered Apr 13, 2023

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