SOLUTION: The original value of a painting is $9,000 and the value increases by %7 each year. Write an exponential growth function to model this.

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Question 1061478: The original value of a painting is $9,000 and the value increases by %7 each year. Write an exponential growth function to model this.
Found 2 solutions by solver91311, stanbon:
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




Where is the number of years since the initial valuation of the painting.

John

My calculator said it, I believe it, that settles it

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The original value of a painting is $9,000 and the value increases by %7 each year. Write an exponential growth function to model this.
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V(t) = 9000*1.07^x
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Cheers,
Stan H.
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