A real estate firm estimates that the value of a certain property will be given by the function 517 V (t) = 2300 + 125 t t² where V(t) is the value of the property (in thousands of dollars), and t is the time (in year Determine how fast the value of the property is changing when t = 9 years. Make sure to indicate whether the value is increasing or decreasing and include the corr units.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....
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A real estate firm estimates that the value of a certain property will be given by the
function
517
V (t) = 2300 +
125
t
t²
where V(t) is the value of the property (in thousands of dollars), and t is the time (in years).
Determine how fast the value of the property is changing when t = 9 years.
Make sure to indicate whether the value is increasing or decreasing and include the correct
units.
Transcribed Image Text:A real estate firm estimates that the value of a certain property will be given by the function 517 V (t) = 2300 + 125 t t² where V(t) is the value of the property (in thousands of dollars), and t is the time (in years). Determine how fast the value of the property is changing when t = 9 years. Make sure to indicate whether the value is increasing or decreasing and include the correct units.
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