The current value of a house is $174,000$, and this value increases b…

Question

Prompt

The current value of a house is

174, 000

, and this value increases by

2.4%

each year from the value of the previous year. Which function

f

gives the value, in dollars, of the house

x

years from now?

f (x) = 174, 000 (0.024)^{x}

f (x) = 174, 000 (0.24)^{x}

f (x) = 174, 000 (1.024)^{x}

f (x) = 174, 000 (1.24)^{x}