Me ! pls
luca bought his home for $115,000 in 2007. property values have increased 5% every year since she has owned the home. which of the following equations can be used to represent the price of the home x years after 2010?
y = 115,000(1.5)x
y = 115,000(0.95)x
y = 115,000(1.05)x
y = 115,000(0.05)x

C. y = 115 000(1.05)^x

Step-by-step explanation:

The formula for the amount accrued on an investment earning compound interest is

where

P = the amount of money invested (the principal)

r = the interest rate per period expressed as a decimal fraction

t = the number of periods

In this problem,  

P = $115 000

r =  5 % = 0.05

By 2010, Luca's house will have increased in value for three years. Its value will be