Answer:
A) The value of a house increases by approximately 2 3/4% per year.
Explanation:
The table of values for the exponential function f is:

Looking at the given values, we observe that f(x) is increasing as x increases. Therefore, f(x) is an exponential growth function.
The formula for an exponential growth function is:

where:
- a is the initial value.
- (1 + r) is the base.
- r is the rate of growth (in decimal form).
To find the base of the exponential function, divide each term by its preceding term:




To find the growth rate (r), subtract 1 from the base:

Therefore, situation that could describe function f(x) is:
- A) The value of a house increases by approximately 2 3/4% per year.