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What is the annual growth rate of the paintings value? Write the answer as a percentage rounded to the nearest tenth

 

The function V=250(1.28)^d models the value of a rare painting, in thousands of dollars, d decades after is is sold at an auction for $250,000. What exponential function modelss the value of painting after t years?                                                                                                                                                                   

 V=250(?)^t

 Mar 10, 2019
edited by Guest  Mar 10, 2019
 #1
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\(a^t = e^{\ln(a)t}\)

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 Mar 10, 2019
 #2
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Im still confused, What is the number that is missing from the equation?

Guest Mar 10, 2019
 #3
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V =250 (10^(t/93.27) )

 

or

 

 

V = 250 (1.02499^t) 

 Mar 10, 2019
edited by Guest  Mar 10, 2019
 #4
avatar+6192 
+2

\(\text{Ok, my response didn't really apply. I misunderstood what they wanted}\\ V = 250(1.28)^d\\ V = 250(1.28)^{\frac {t}{10}}\\ V = 250\left((1.28)^{\frac{1}{10}}\right)^t\\ V = 250(1.025)^t\)

Rom  Mar 10, 2019

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