A homes 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 \times (1.055)^{x}.

Step-by-step explanation:

We are given that, The present value for the home is $120,000 and the rate of interest is 5.5% i.e. 0.055. As we know that the function for the home is given by, where P = present value, r = rate of interest, x = number of years. So, according to the question, we get that, i.e. . Hence, we see that the function that represents the value of the home is .

sine

step-by-step explanation:

hreryryrranswer:

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