7. The value of a home in Anywhere, USA n years since it was purchased is defined by the function V (n) = 345000(1.021)" Circle all of the following statements that are true. a. The value of the home will increase by 21% each year. b. The 3-year change factor is 1.0070 c. The value of the home will increase by 2.1% per year. d. V(n) can also be defined as V(n) = 345000(1.0643) || The value of the home will increase by 8.67% every 4 years. e. f. V(n) can also be defined as V(n) = 359642(1.021)"+2 g. The value of the home is always 1.021 times the previous year's value. n-2 h. V(n) can also be defined as V(n) = 359642(1.0643) 3 i. The value of the home will be approximately $415959 nine years after it was purchased. j. The value of the home will increase by 6.3% every 3 years.

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Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 105E
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See image below. It's multiple choice. I need the answer within an hour because I have to turn homework in. Thank you so much!

7. The value of a home in Anywhere, USA n years since it was purchased is defined by the function
V(n) = 345000(1.021)"
%3D
Circle all of the following statements that are true.
a. The value of the home will increase by 21% each year.
b. The 3-year change factor is 1.0070
c. The value of the home will increase by 2.1% per year.
с.
d. V(n) can also be defined as V (n) = 345000(1.0643)3
%3D
e.
The value of the home will increase by 8.67% every 4 years.
f. V(n) can also be defined as V(n)
= 359642(1.021)"+2
g. The value of the home is always 1.021 times the previous year's value.
n-2
h. V(n) can also be defined as V (n) = 359642(1.0643)
3
i.
The value of the home will be approximately $415959 nine years after it was purchased.
j. The value of the home will increase by 6.3% every 3 years.
Transcribed Image Text:7. The value of a home in Anywhere, USA n years since it was purchased is defined by the function V(n) = 345000(1.021)" %3D Circle all of the following statements that are true. a. The value of the home will increase by 21% each year. b. The 3-year change factor is 1.0070 c. The value of the home will increase by 2.1% per year. с. d. V(n) can also be defined as V (n) = 345000(1.0643)3 %3D e. The value of the home will increase by 8.67% every 4 years. f. V(n) can also be defined as V(n) = 359642(1.021)"+2 g. The value of the home is always 1.021 times the previous year's value. n-2 h. V(n) can also be defined as V (n) = 359642(1.0643) 3 i. The value of the home will be approximately $415959 nine years after it was purchased. j. The value of the home will increase by 6.3% every 3 years.
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