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Mathematics, 12.03.2021 16:30 stodd9503

The value of an antique car is modeled by the function V\left(t\right)=10700\ \left(1.125\right)^t , where t is the number of years since 2005. By what percent rate is the value of the car increasing per year?

a. 0.125%

b. 1.125%

c. 125%

d. 12.5%

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