Final answer:
The dollar value is $3,450 when t = 6, which corresponds to the year 2016 since t = 0 represents the year 2010. option 3 is correct.
Step-by-step explanation:
If we let t = 0 represent the year 2010, then each increment in t represents one year after 2010. To find the value of t when the dollar value is $3,450, we need to count the number of years from 2010 to the year in question. In this case, the year given is 2016. Therefore, t = 2016 - 2010, which means t = 6. So, the correct statement is that v = 3,450 when t = 6. Consequently, Option 3: t = 2016 is the correct choice.
To determine the value of t when the dollar value v is $3,450, we can use the given information. In 2016, the dollar value is given to be $3,450, and it is mentioned that t = 0 represents 2010. This means that in 2016, t would be 6 years.
So, the correct option would be t = 2016. Option 3 is the correct answer.