The value of an antique vase can be modeled by the function V(t)=2350(1.038)t, where t is the number of years since the vase was purchased. Which statements are true?
The vase was purchased for $1038.
The rate of appreciation is 2.35%.
The rate of appreciation is 10.38%.
After 10 years the vase will have a value of about $3412.
The vase was purchased for $2350