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

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.

We will use the following formula:

where is the present value, is the rate of interest and is the number of years.

Substituting the values in the above formula to get: