In 2001, the value of a plot of land is $12,000. Each year, the value of the plot increases by 8%.

Which equation accurately describes the value of the plot, f (x), x years after 2001?

f (x) = 12,000 (1.08) ^x

f (x) = 12,000 (1.8) ^x

f (x) = 1.8 (12,000) ^x

f (x) = 8 (12,000) ^x

Question

Anne Hanna

18 July, 16:53

+5

Answers (1)

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Tamara Heath · Answer 1

F (x) = 12,000 (1.08) ^x

The answer is the first equation.

The equation increases so 1 is added to 0.08 (8%).

In 2001, the value of a plot of land is $12,000. Each year, the value of the plot increases by 8%.Which equation accurately describes the value of the plot, f (x), x years after 2001?f (x) = 12,000 (1.08) ^xf (x) = 12,000 (1.8) ^xf (x) = 1.8 (12,000) ^xf (x) = 8 (12,000) ^x