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?
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