SOLUTION: A collector's coin originally purchased for $3 in 1994 is expected to double in value by the year 2004. Write the equation of an exponential function to model this situation.Explai

Question 119610: A collector's coin originally purchased for $3 in 1994 is expected to double in value by the year 2004. Write the equation of an exponential function to model this situation.Explain your answer.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A collector's coin originally purchased for $3 in 1994 is expected to double in value by the year 2004. Write the equation of an exponential function to model this situation.Explain your answer.
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11 years from 1994 to 2004.
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EQUATION:
A(t)=A(0)2^(t/11)
A(t) = 3*2^(t/11)
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Cheers,
Stan H.
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