SOLUTION: Does the following situation represent a linear or exponential model? Write a function to model the situation. A painting is worth $400 and is increasing in value at 5% per year

Question 1075887: Does the following situation represent a linear or exponential model? Write a function to model the situation.
A painting is worth $400 and is increasing in value at 5% per year.
What is the value of the painting in 6 years?
Linear or Exponential?
Value:
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Write a function to model the situation.
A painting is worth $400 and is increasing in value at 5% per year.
What is the value of the painting in 6 years?
V = 400*1.05^6
V = $536.04
It is Exponential
:
As you can see x=year; y=value

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