Question

Peter bought an antique piece of furniture in 2000 for $10,000. Experts estimate that its value will increase by 12.12% each year. Identify the function that represents its value. Does the function represent growth or decay?
A) V(t) = 10000(1.1212)t; growth
B) V(t) = 10000(0.8788)t; decay
C) V(t) = 10000(1.1212)t; decay
D) V(t) = 10000(0.8788)t; growth

Answer 1

Values increases so we have growth

the exponent will be 1.1212

Answer 2

The answer of it is 1.1212