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Yacouba purchased a three bedroom house in Kingwood, TX for $185,000. Housing prices are expected to increase 2.1% annually.Which of the following functions best represents the price of the house after x years?

Yacouba Purchased A Three Bedroom House In Kingwood TX For 185000 Housing Prices Are Expected To Increase 21 AnnuallyWhich Of The Following Functions Best Repre class=

Answer :

The equation for the price of house after x years is,

[tex]f(x)=185000(1+\frac{2.1}{100})^x[/tex]

Simplify the equation to obtain the equation for value of house after x years.

[tex]\begin{gathered} f(x)=185000(1+0.021)^x \\ =185000(1.021)^x \end{gathered}[/tex]

So option B is correct.

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