document.write( "Question 1130865: A painting was sold in 1985 for $ 2 million. The painting was then resold in 1996 for $ 8 million. Assume that the painting's value increases exponentially. Find the exponential growth rate k, and determine the exponential growth function, assuming V0 = 2. (Round decimals to three places.)
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #747495 by josgarithmetic(39616)\"\" \"About 
You can put this solution on YOUR website!
\"V=V%5Bo%5De%5E%28kx%29\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "11 years time passage\r
\n" ); document.write( "\n" ); document.write( "\"8=2e%5E%2811k%29\"\r
\n" ); document.write( "\n" ); document.write( "Take Natural Logs of both sides and solve for k.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"4=e%5E%2811k%29\"
\n" ); document.write( "\"ln%284%29=11k%2A1\"\r
\n" ); document.write( "\n" ); document.write( "\"highlight_green%28k=ln%284%29%2F11%29\"\r
\n" ); document.write( "\n" ); document.write( "\"highlight_green%28k=0.126%29\"
\n" ); document.write( "
\n" );