A home’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?

Step-by-step explanation:

we know that

The equation of a exponential growth function is given by

where

y is the value of the home

x is the number of years

a is the initial value

r is the rate of change

we have

substitute

a = 3.14

b = 18

c = 18/5 or 3.6 or 3 3/5

step-by-step explanation: