Question

A house was purchased in 1994 for $118,000. It appreciates by 4% in value each year.

Choose whether each statement below is true or false for this exponential function.

(3 points)
True False
In 2024, the house will be worth $382,720.91


This scenario can be represented by: f(x)=118,000*(1.04)x


After 20 years, the house would be valued at $358,552.53


This scenario can be represented by: f(x)=118,000*(0.96)x


The value of the house is an example of exponential growth.


The value of the house is decreasing over time.

Answer 1

i need 2 more

Answer 2

True
False
True
False

Answer 3

The house will double in value after 17.6 years True False

This scenario can be represented by: f(x) = 118,000 * 2(0.04)x

After 30 years, the house will be worth $473,969.31 True False

This scenario can be represented by: f(x) = 118,000 * (1.04)30