SOLUTION: please help A painting was sold in 1985 for $2 million. The painting was then resold in 1996 for $9 million. Assume that the painting's value increases exponentially. Find the e

Question 328127: please help
A painting was sold in 1985 for $2 million. The painting was then resold in 1996 for $9 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.)

k = 0.125; V(t) = 2e0.125t, where V(t) is in millions and t is the number of years after 1985.
k = 0.137; V(t) = 2e0.137t, where V(t) is in millions and t is the number of years after 1985.
k = 0.137; V(t) = 2e0.137, where V(t) is in millions and t is the number of years after 1985.
k = 0.137; V(t) = 2e0.137t, where V(t) is in millions and t is the number of years after 1997.
please do not sole just need the formula

Answer by jwells5199(1) (Show Source): You can put this solution on YOUR website!

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