document.write( "Question 179674: -Tessa has an antique plate valued at $75. It is expected to increase in value 8% per year.
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document.write( "a.) how would you write a function for the value of the plate in t years?
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document.write( "b.) how would you find out how much it would be worth in 10 years?
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document.write( "c.) how would you find out when the plate would reach a value of $200? \n" );
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Algebra.Com's Answer #134681 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! -Tessa has an antique plate valued at $75. It is expected to increase in value 8% per year.\r \n" ); document.write( "\n" ); document.write( "a.) how would you write a function for the value of the plate in t years? \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "b.) how would you find out how much it would be worth in 10 years? \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( "Use a calc to find 1.08^10 \n" ); document.write( "f(t) = 75*2.158925 \n" ); document.write( "f(t) = $161.92 value after 10 yrs \n" ); document.write( ": \n" ); document.write( "; \n" ); document.write( "c.) how would you find out when the plate would reach a value of $200? \n" ); document.write( "f(t) = \n" ); document.write( ": \n" ); document.write( "Substitute 200 for f(t) \n" ); document.write( " \n" ); document.write( "; \n" ); document.write( "Divide both sides by 75 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( "use the log equiv of exponent \n" ); document.write( " \n" ); document.write( "find the log of both sides \n" ); document.write( ".03342t = .42597 \n" ); document.write( "; \n" ); document.write( "t = \n" ); document.write( "t = 12.74 years to become valued at $200 \n" ); document.write( "; \n" ); document.write( "Check solution on a calc; enter: 75*(1.08)^12.74 = 199.93 ~ 200, close enough \n" ); document.write( ": \n" ); document.write( "Any questions about this? \n" ); document.write( " \n" ); document.write( " |