SOLUTION: 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 gr
Algebra ->
Rate-of-work-word-problems
-> SOLUTION: 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 gr
Log On
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.)