Question

Consider the exponential function

g(x)=190,000•1.03x, which models the value of Evie’s house, where x represents the number of years since she purchased the house.

What is the value of Evie’s house after 5 years rounded to the nearest dollar?



a
$190,000
b
$220,000
c
$220,262
d
$220,263

Answer 1

C $220,262

Explanation:

g(x) = 190,000 (1.03)^x

g(5) = 190,000 (1.03)^5

g(5) ≈ 220,262