Im confused how to solve this??

Question

The value of a house is modeled by the function H x = 200,000(1.005)^1/3x

where x is the

number of years since 2000. By what approximate percent rate is the value of the house increasing per

year?

a. 0.5% b. 0.005% c. 1.005% d. 0.17%

Answer 1

look inside the parentheses

(1.005)=(1+.005)

the percent is 0.005=0.5% which is a.