The equation y = 1470(1.05)'models the value of a painting in dollars (y) in terms of the number of years (t) after it was created. What is the initial value of the painting? A $0 $1.05 C $1470 D. $1544

The equation y = 1470(1.05)'models the value of a painting in dollars (y) in terms of the number of years (t) after it was created. What is the initial value of the painting? A $0 $1.05 C $1470 D. $1544

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section10.5: Solve Exponential And Logarithmic Equations

Problem 10.85TI: Hector invests $10,000 at age 21. He hopes the investments will be worth when he turns 50. If the...

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Concept explainers

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.

Question

What is the initial value of the painting ?

The equation y= 1470(1.05)'models the value of a painting in dollars (y) in terms of the number of years (t) after it
was created. What is the initial value of the painting?
$0
$1.05
C
$1470
$1544

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