Question

Select the correct answer.

In 2001, the value of a plot of land is $12,000. Each year, the value of the plot increases by 8%.

Which equation accurately describes the value of the plot, f(x), x years after 2001?

A.

B.

C.

D.

Answer 1

The answer is C I did this in class

Answer 2

C

Explanation:

Taking the equation for this we can see that A is using 8 to multiply. 8% = 0.08. But since the percent is increases it would be 1.08. So we can see that it cant be A, this applys for B as well. For D it says 1.8 which is close but that would be 80% not 8%. So now we can see that C is the answer.