48. Some antique furniture increased very rapidly in price over the past decade. For example, the price of a partic- ular rocking chair is well approximated by V = 75(1.35), where V is in dollars and t is in years since 2000. Find the rate, in dollars per year, at which the price is increas- ing at time t.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.2: Functions Given By Tables
Problem 2TU: Use the table of values you made in part 4 of the example to find the limiting value of the average...
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48. Some antique furniture increased very rapidly in price
over the past decade. For example, the price of a partic-
ular rocking chair is well approximated by
V = 75(1.35),
where V is in dollars and t is in years since 2000. Find
the rate, in dollars per year, at which the price is increas-
ing at time t.
Transcribed Image Text:48. Some antique furniture increased very rapidly in price over the past decade. For example, the price of a partic- ular rocking chair is well approximated by V = 75(1.35), where V is in dollars and t is in years since 2000. Find the rate, in dollars per year, at which the price is increas- ing at time t.
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