Question

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%

Answer 1

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.