The table below shows the value V, in dollars of a certain rate coin t years since 1950.   t             0          30            45             54            60 V           30         410        657          1849         2157   a. use exponential regression to model V as a function of t.  Round your answer to two decimal places. b. According to the exponential model, what is the value of the coin in 2018?  Round your anser to the cent.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter4: Exponential Functions
Section4.4: Modeling Nearly Exponential Data
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The table below shows the value V, in dollars of a certain rate coin t years since 1950.

 

t             0          30            45             54            60

V           30         410        657          1849         2157

 

a. use exponential regression to model V as a function of t.  Round your answer to two decimal places.

b. According to the exponential model, what is the value of the coin in 2018?  Round your anser to the cent.

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