SOLUTION: The original value of a painting is $9,000 and the value increases by %7 each year. Write an exponential growth function to model this.

Algebra.Com
Question 1061478: The original value of a painting is $9,000 and the value increases by %7 each year. Write an exponential growth function to model this.
Found 2 solutions by solver91311, stanbon:
Answer by solver91311(24713)   (Show Source): You can put this solution on YOUR website!




Where is the number of years since the initial valuation of the painting.

John

My calculator said it, I believe it, that settles it


Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
The original value of a painting is $9,000 and the value increases by %7 each year. Write an exponential growth function to model this.
-------
V(t) = 9000*1.07^x
-------------
Cheers,
Stan H.
-----------

RELATED QUESTIONS

This is a arithmetic sequence A museum purchases a painting for $15,000 the painting... (answered by mananth,MathTherapy)
write an exponential growth model that describes the situation. 58) you purchase an... (answered by Mathtut)
A population numbers 19,000 organisms initially and decreases by 7% each year. Suppose (answered by ikleyn,math_tutor2020)
Write an Equation for the exponential growth / decay situation given below. a) The value (answered by ikleyn)
If a painting costs $3500, and the value increases by 15% a year, in how many years will... (answered by ankor@dixie-net.com)
A population numbers 781 organisms initially and increases by 8.4% each year. Suppose (answered by ikleyn)
A painting was sold in 1985 for $ 2 million. The painting was then resold in 1996 for $ 8 (answered by josgarithmetic)
1. Write an exponential growth function to model the situation. A population of... (answered by solver91311)
Does the following situation represent a linear or exponential model? Write a function to (answered by ankor@dixie-net.com)