SOLUTION: A piece of artwork appreciates in value every year. It increases in value according to the function V(t)=200(1.20)^t, where t is the time in years and V is the value of the artwork

SOLUTION: A piece of artwork appreciates in value every year. It increases in value according to the function V(t)=200(1.20)^t, where t is the time in years and V is the value of the artwork

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Question 1090787: A piece of artwork appreciates in value every year. It increases in value according to the function V(t)=200(1.20)^t, where t is the time in years and V is the value of the artwork in dollars. What was the original price of the artwork?
Answer by PGibson(1) (Show Source): You can put this solution on YOUR website!
Original price of artwork is 200 with a growth factor of 1.2, so it appreciates 20% per year

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