A doll sold for $234 in 1979 and was sold again in 1988 for $479. Assume that the growth in the value V of the collector's item was exponential. a) Find the value k of the exponential growth rate. Assume Vo=234. k=______ b) Find the exponential growth function in terms of t, where t is the number of years since 1979. 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 a year? ________years e) Find the amount of time after which the value of the doll will be $4171. _______years
A doll sold for $234 in 1979 and was sold again in 1988 for $479. Assume that the growth in the value V of the collector's item was exponential. a) Find the value k of the exponential growth rate. Assume Vo=234. k=______ b) Find the exponential growth function in terms of t, where t is the number of years since 1979. 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 a year? ________years e) Find the amount of time after which the value of the doll will be $4171. _______years
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 65SGR
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A doll sold for $234 in 1979 and was sold again in 1988 for $479. Assume that the growth in the value V of the collector's item was exponential.
a) Find the value k of the exponential growth rate. Assume Vo=234.
k=______
b) Find the exponential growth function in terms of t, where t is the number of years since 1979.
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 a year?
________years
e) Find the amount of time after which the value of the doll will be $4171.
_______years
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