An antique chair was purchased in the year 2013 for $500. At the time of purchase, an appraiser estimated that the value would increase by 10% every year. Which of the following functions can be used to model the
estimated dollar value of the chair years after purchase?
(A) f(t) = 500(0.1)
(B) f(t) = 500(0.9)
(C) f(t) = 500(1.1)
(D) f(t) = 500(10)
(E) f(t) = 510+