a baseball card is purchased for $50. a year later it's value increased to $51.50. what is the growth rate?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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a baseball card is purchased for $50. a year later it's value increased to $51.50. what is the growth rate?
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