What is 2^2/3 equal to?

Olivia uses the work below to determine 55% of 720 which explains the error in olivia’s solution

The lee family bought their home for $220,000 this year. the equation =220,000(1.038) v = 220 , 000 ( 1 . 038 ) x can be used to find the value, v, of their home after x years. which will be the value of the lee family's home in 5 years?

Can someone me i’m confused. will give brainliest and a whole bunch of points