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The lee family bought their home for $220,000 this year. The equation V = $220,000(1.038)* can be used to find the value, V, for their home after x years. Which is gonna be the value of the lee family’s home after 5 years?

Respuesta :

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I assume this V = $220,000 * (1.038) is for one year = $228,360 +(5*1.038) simple interest = V =$228,365.19

Answer:

V=220,000(1.038)^x

when x=5

V=220,000(1.038)^5=265099.83

Step-by-step explanation:


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