SOLUTION: A piece of artwork appreciates in value every year. It increases in value according to the function V(t)=200(1.20)^t, where t is the time in years and V is the value of the artwork

Algebra ->  Rational-functions -> SOLUTION: A piece of artwork appreciates in value every year. It increases in value according to the function V(t)=200(1.20)^t, where t is the time in years and V is the value of the artwork      Log On


   

Question 1090787: A piece of artwork appreciates in value every year. It increases in value according to the function V(t)=200(1.20)^t, where t is the time in years and V is the value of the artwork in dollars. What was the original price of the artwork?
Answer by PGibson(1) About Me  (Show Source):
You can put this solution on YOUR website!
Original price of artwork is 200 with a growth factor of 1.2, so it appreciates 20% per year