Question

Brad bought a piece of industrial real estate for $192,345. The value of the real estate appreciated at 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? f(t) = 200,038. 80(1. 04)t f(t) = 200,038. 80(0. 04)t f(t) = 192,345(0. 04)t f(t) = 192,345(1. 04)t.

Answer 1

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