SOLUTION: A painting was sold in 1985 for $ 2 million. The painting was then resold in 1996 for $ 8 million. Assume that the painting's value increases exponentially. Find the exponential gr

Question 1130865: A painting was sold in 1985 for $ 2 million. The painting was then resold in 1996 for $ 8 million. Assume that the painting's value increases exponentially. Find the exponential growth rate k, and determine the exponential growth function, assuming V0 = 2. (Round decimals to three places.)

Answer by josgarithmetic(39616) (Show Source): You can put this solution on YOUR website!

11 years time passage

Take Natural Logs of both sides and solve for k.

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