document.write( "Question 179674: -Tessa has an antique plate valued at $75. It is expected to increase in value 8% per year.
\n" ); document.write( "a.) how would you write a function for the value of the plate in t years?
\n" ); document.write( "b.) how would you find out how much it would be worth in 10 years?
\n" ); document.write( "c.) how would you find out when the plate would reach a value of $200?
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Algebra.Com's Answer #134681 by ankor@dixie-net.com(22740)\"\" \"About 
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-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( "\"f%28t%29+=+75%2A%281.08%29%5Et\"
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\n" ); document.write( "b.) how would you find out how much it would be worth in 10 years?
\n" ); document.write( "\"f%28t%29+=+75%2A%281.08%29%5E10\"
\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
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\n" ); document.write( "c.) how would you find out when the plate would reach a value of $200?
\n" ); document.write( "f(t) = \"75%2A%281.08%29%5Et\"
\n" ); document.write( ":
\n" ); document.write( "Substitute 200 for f(t)
\n" ); document.write( "\"75%2A%281.08%29%5Et\" = 200
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\n" ); document.write( "Divide both sides by 75
\n" ); document.write( "\"%281.08%29%5Et\" = \"200%2F75\"
\n" ); document.write( "\"%281.08%29%5Et\" = \"8%2F3\"
\n" ); document.write( ":
\n" ); document.write( "use the log equiv of exponent
\n" ); document.write( "\"t%2Alog%281.08%29\" = \"log%288%2F3%29\"
\n" ); document.write( "find the log of both sides
\n" ); document.write( ".03342t = .42597
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\n" ); document.write( "t = \".42597%2F.03342\"
\n" ); document.write( "t = 12.74 years to become valued at $200
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\n" ); document.write( "Check solution on a calc; enter: 75*(1.08)^12.74 = 199.93 ~ 200, close enough
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\n" ); document.write( "Any questions about this?
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