Question: A doll sold for $ 2 0 8 in 1 9 8 0 and was sold again in 1 9 8 6 for $ 4

A doll sold for $208 in 1980 and was sold again in 1986 for $442. Assume that the growth in the value V of the collector's item was exponential.
a) Find the value k of the exponential growth rate. Assume V0=208.
k=
 A doll sold for $208 in 1980 and was sold again

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!