Ahome’s value increases at an average rate of 5.5% each year. the current value is $120,000. what function can be used to find the value of the home after x years? f(x) = 120,000(1.055x) f(x) = 120,000(0.055)x f(x) = 120,000(1.055)x f(x) = [(120,000)(1.055)]x

Step-by-step explanation:

This is the case of an exponential growth. The function for exponential growth is,

where,

Putting the values,

5.5% converted to a decimal is 0.055.  

However, the house already retains 100% of it's value each year, with 5.5% as an increase.

therefore we can use the function f(x) = 120,000(1.055)x to solve this.

:)

answer: 1 and 3

step-by-step explanation: