Question: Home values are expected to decrease by 3% per year. Hadlee recently purchased a home for $200,000. Which of the following equations can be used

Home values are expected to decrease by 3% per year. Hadlee recently purchased a home for $200,000. Which of the following equations can be used to represent the value of the home x years after the purchase? Of(x) = 200000(1.03)x Of(x) = 200000(0.97)x Of (x) = 3(1.03)* Of (x) = 3(0.97)x

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