Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The function f(x) = 34,000(1.05)* can be used to
determine Noah's cost of living in Houston over time.
What does the 1.05 represent?
A The cost of living will increase by approximately 1% each year
B The cost of living will decrease by approximately 1% each year
C The cost of living will increase by approximately 5% each year
D The cost of living will decrease by approximately 5% each year

Sagot :

sqdancefan

9514 1404 393

Answer:

  C  The cost of living will increase by approximately 5% each year

Step-by-step explanation:

If we assume your function is ...

  [tex]f(x)=34000(1.05)^x\qquad\text{x is years}[/tex]

Then the growth factor 1.05 represents a growth rate of 1.05 -1 = .05 = 5% per year. The positive growth rate means the cost of living is increasing.

Noah's cost of living is increasing about 5% per year.

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.