Pls explain in detail

John purchased a house that was worth $213,000. The value of the house increased by 12% each year for the next 5 years. a. The value of the house at any given moment (during the first five years) is what percent of the value of the house exactly one year earlier? % Preview b. What number do we multiply the house's value by to determine the house's value one year later? Preview c. Write a function f that determines the value of the house (in thousands of dollars) in terms of the number of years t since John purchased the house. f (t ) = Preview Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 213, 5+4) Enter DNE for Does Not Exist, oo for Infinity Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 213, 5+4) Enter DNE for Does Not Exist, oo for Infinity Box 3: Enter your answer as an expression. Example: 3x 2+1, x/5, (a+b)/c Be sure your variables match those in the question Points possible: 1 Licens Unlimited attempts. Post this question to forum Submit