makennonfloener makennonfloener
  • 25-04-2020
  • Mathematics
contestada

An oil painting purchased for $8500.00 is increasing in value by 7.5% per year. What will be the value of the painting in for years?

Respuesta :

osikbro
osikbro osikbro
  • 25-04-2020

Answer:

Around $11351.49

Step-by-step explanation:

To find this answer, you need to understand how the growth works. Every year, the price increases by 7.5%, which is the same as multiplying the price by 1.075. Multiplying something by itself a certain amount of times is called exponentiation, and [tex]1.075^4\cdot 8500.00 \approx \$11351.49[/tex]. Hope this helps!

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