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(1.055)x f(x) = 120,000(0.055)x f(x) = 120,000(1.055)x f(x) = [(120,000)(1.055)]x

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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 .

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step-by-step explanation: