Question

Brad bought a piece of industrial real estate for $192,345. The value of the real estate appreciated a constant rate per year. The table shows the value of the real estate after the first and second years:
Year:
1
2

Value (in dollars):
$200,038.80
$208,040.35

Which function best represents the value of the real estate after t years?
A. f(t) = 200,038.80(1.04)^t

B. f(t) = 200,038.80(0.04)^t

C. f(t) = 192,345(0.04)^t

D. f(t) = 192,345(1.04)^t

Answer 1

Answer:

D. f(t) = 192,345(1.04)^t

Step-by-step explanation:

I took the test and it was right.

Also that is the original price and when you look at exponential functions, the starting point or original price is always first the then rate of increase. The table just shows how it increased in year 1 and 2.

Hope this helps. :)