The following function represents the value of a house after x years: f(x) = 242,000(0.96)x what does 0.96 represent? the present value of the house the value of the house after x years the increase in the value of the house per year, which is 4% the decrease in the value of the house per year, which is 4%

The decrease in the value of the house per year, which is 4%

Step-by-step explanation:

Hi, to answer this question we have to analyze the expression given:

F(x) = 242,000(0.96) x

F(x) represents the value of the house after x years

242,000 represent the actual value of the house

X represents the years

0.96 is affecting the present value of the house, and is a number smaller than 1, by 0.04(if we multiply 0.04 by 100 we obtain the percentage which is 4%).

So, it represents the decrease in the value of the house per year, which is 4%.

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step-by-step explanation:

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