Answer:
y=5000(1.04)^t
Step-by-step explanation:
Given data
Cost of painting=$5000
Rate of increase=4%
the exponential increase expression is
y=P(1+r)^t
Where y= the total amount after growth
P= the initial cost of the painting
r= the rate of increase
t= the time interval
y=5000(1+0.04)^t
y=5000(1.04)^t
