In 2004, an art collector paid $131,939,000 for a particular painting. The same painting sold for $26,000 in 1950. Complete parts (a) through (d). a) Find the exponential growth rate k, to three decimal places, and determine the exponential growth function V, for which V(t) is the painting's value, in dollars, t years after 1950 V(t) =D (Type an expression Type integers or decimals for any numbers in the expression. Round to three decimal places as needed )

In 2004, an art collector paid $131,939,000 for a particular painting. The same painting sold for $26,000 in 1950. Complete parts (a) through (d). a) Find the exponential growth rate k, to three decimal places, and determine the exponential growth function V, for which V(t) is the painting's value, in dollars, t years after 1950 V(t) =D (Type an expression Type integers or decimals for any numbers in the expression. Round to three decimal places as needed )

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter5: Exponential And Logarithmic Functions

Section5.2: Applications Of Exponential Functions

Problem 44E: Use a graphing calculator to solve each problem. In Example 4, suppose that a birth control program...

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