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23 March, 09:00

Consider the exponential function

g (x) = 190,000•1.03x, which models the value of Evie's house, where x represents the number of years since she purchased the house.

What is the value of Evie's house after 5 years rounded to the nearest dollar?

a

$190,000

b

$220,000

c

$220,262

d

$220,263

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Answers (1)
  1. 23 March, 09:27
    0
    C $220,262

    Step-by-step explanation:

    g (x) = 190,000 (1.03) ^x

    g (5) = 190,000 (1.03) ^5

    g (5) ≈ 220,262
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