The value of the art piece in 2010 is $12,500.
The value of the art piece increases by a rate of 12% every year.
The value of an art piece since 2010 is modeled by the function f(x) = 12, 500 * (1.12) ^ x
According to the function, the value of the art piece in 2010 is
(1 point)
• $11,000
• $12,500
○ $14,000
and it (1 point)
• increases
O decreases
by a rate of every year. (1 point)
• 0.12%
○ 0.88%
12%
• 88%
1 answer