Let's begin by listing out the information given to us:
Cost (c) = $1500, interest (r) = 8% /annum
The equation for this is given by:
[tex]\begin{gathered} y=c\cdot(1+r)^z\Rightarrow y=c(1+0.08)^z \\ c=\text{ \$1500, }r=0.08 \\ y=c(1.08^z)^{}=1500\cdot1.08^z \\ \\ z=10 \\ y=1500\cdot1.08^{10} \\ y=\text{ \$}3238.39 \end{gathered}[/tex]11. The exponential function is given by: y = c * 1.08^z
12. The artwork is worth $3238.39
