Question

A local newspaper article predicts that the
average cost of a house will increase by 3.6%
each year. The average cost of a house in 2018
was $288,900. Select the function, C(x), that
correctly models the predicted cost, where x is
the number of years since 2018.
A. C(x) = 288,900(1.036)*
B. C(x)=288,900(1.36)*
C. C(x) = 288,900(3.6)*
D. C(x) = 288,900(103.6)*
==

Answer 1

The answer to this quest is the option A. The cost for the subsequent years will be the cost of the previous year multiplied by (100%+3.6%) which is equivalent to 1.036