SOLUTION: the value of an antique car is modeled by the function V(x) = 1007,000(1.009)^(2.3x) where x is the number of years since 2005. By what approximate percent rate is the value of the

Question 972141: the value of an antique car is modeled by the function V(x) = 1007,000(1.009)^(2.3x) where x is the number of years since 2005. By what approximate percent rate is the value of the car increasing per year?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
In the year 2005,
Anytyhing to the zero power is , so

and

Can't find calculator
Find
is the fraction of the increase
Multiply this by to get the percent increase
for 1 year

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