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28 February, 22:56

The following function represents the value of a house after x years: f (x) = 242,000 (0.96) x What does 0.96 represent?

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  1. 1 March, 02:34
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    Because the 0.96 is less than 1, it means that the house loses value over the years.

    Convert 0.96 to a percent: 0.96 = 96%

    100% - 96% = 4%

    The house loses 4% of it's value every year.
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