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

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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) About Me  (Show Source):
You can put this solution on YOUR website!
In the year 2005, +x+=+0+
Anytyhing to the zero power is +1+, so
+V%28x%29+=+1007000%2A1.009%5E%282.3x%29+
+V%280%29+=+1007000%2A1.009%5E%282.3%2A0%29+
+V%280%29+=+1007000+
and
+V%281%29+=+1007000%2A1.009%5E%282.3%2A1%29+
Can't find calculator
Find +V%281%29+-+V%280%29+
+%28+V%281%29+-+V%280%29+%29+%2F+V%280%29+ is the fraction of the increase
Multiply this by +100+ to get the percent increase
for 1 year