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Consider the exponential function


g(x)=190,000•1.03x, which models the value of Evie’s house, where x represents the number of years since she purchased the house.




What is the value of Evie’s house after 5 years rounded to the nearest dollar?

Respuesta :

lublana

Answer:

$220262

Step-by-step explanation:

We are given that an exponential function

[tex]g(x)=190000\cdot(1.03)^x[/tex]

Where x=Number of years

We have to find the value of Evie's house after 5 years .

Substitute the values in the given function

[tex]g(5)=190000\cdot(1.03)^5[/tex]

[tex]g(5)=220262.07[/tex]

[tex]g(5)\approx 220262[/tex]

Hence, the value of Evie's house after 5 years=$220262

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