The function f(t) = 144,000(1.04)' models the value, in dollars, of a house since 2005. What does the value of r mean in the exponential function?
A) The value of the house is decreasing at
a rate of 1.04% per year,
B) The value of the house is increasing at a
rate of 4% per year.
C) The value of the house is decreasing at
a rate of 4% per year.
D) The value of the house is increasing at a
rate of 1.04% per year,

same question in photo as well