Question

Finbar bought his home for $150,000 in 2010. Property values have increased 10% every year since he has owned the home. Which of the following equations can be ined to represent the price of the home x years after 2010?

- y = 150,000 (1.5)^x

- y = 150,000(1.1)^x

- y = 150,000(0.9)^x

- y = 150,000(0.5)^x

Answer 1

y = 150,000(1.1)^x is the answer

Explanation:

I did the test and got it right!!

Answer 2

Y=150,000*(1.1)*

Step-by-step explanation

As Every year the rate of increase is 10% therefore the rate 1+10%=1.1, and X is number of years. So, (1.1)*, and after x years to get the correct value you can multiply, y=150,000*(1.1)*