SOLUTION: 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.
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Question 1016218: 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(1.1212)^t ; decay
C). V(t)=1000(0.8788)^t ; growth
D). V(t)=10000(0.8788)^t ; decay Answer by fractalier(6550) (Show Source):
