Robin purchased a piece of land in the year 2000 for $15,000. The value of the land increases at the rate of 13.17% each year. Identify the function that represents the value of the land. Does the function represent growth, or decay?
A) V (t) = 15000 (0.8683) t; growth
B) V (t) = 15000 (1.1317) t; decay
C) V (t) = 15000 (0.08683) t; decay
D) V (t) = 15000 (1.1317) t; growth
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