Question: Can someone help me with this study guide question I'm having a hard time comprehending it! A doll sold for $250 in 1980 and was
Can someone help me with this study guide question I'm having a hard time comprehending it!
A doll sold for $250 in 1980 and was sold again in 1985 for $405. Assume that the growth in the value V of thecollector's item was exponential.
a) Find the value k of the exponential growth rate. Assume Vo=250.
k=__________
b) Find the exponential growth function in terms oft, where t is the number of years since 1980.
V(t)=_______
c) Estimate the value of the doll in 2014.
$_____________
d) What is the doubling time for the value of the doll to the nearest tenth of ayear?
_____________
e) Find the amount of time after which the value of the doll will be $6641.
_________ years
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
