SOLUTION: Susan�purchased�a�painting�in�the�year�2000�for�$5000.�Assuming�an�exponential�rate�of inflation�of�3.5%�per�year,�how�much�will�the�painting�be�worth�6�years�later?

Question 1115872: Susan�purchased�a�painting�in�the�year�2000�for�$5000.�Assuming�an�exponential�rate�of inflation�of�3.5%�per�year,�how�much�will�the�painting�be�worth�6�years�later?

Answer by KMST(5328) (Show Source): You can put this solution on YOUR website!
(rounded)
Each year, the inflation-adjusted value would be
the value from the year before.
In math class, we worship the irrational number ,
so we like to express exponentials in terms of .
,
so we could say the value after years is
,
and after years it would be
.
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