PLEASE HELP ME ASAP PLEASE

Question

Finbar bought his home for $150,000 in 2010. Property values have increased 10% every year since she has owned the home. Which of the following equations can be used to represent the price of the home x years after 2005?

A.y = 150,000(1.5)^x 

B.y = 150,000(1.1)^x 

C.y = 150,000(0.9)^x 

D.y = 150,000(0.5)^x

Answer 1

The answer to your question is B.

The exponential growth formula can be stated as A = P(1+r)^x, where A is the new value after x years, P is the original value, r is the return (in decimal form) and x is the number of years.

So in this case, P = 150,000 (starting value), r = 0.1 (10% increase), and x is the number of years.

This results in answer B.