You may use a calculator for this item. The value of an antique item can be modeled by the equation P (t) = 82(1.11)', with t representing years since its purchase. How can this equation be rewritten to reveal the approximate monthly rate of increase? А. P(t) = 82(1.009) !! ов. P(): 12t = 82(1.009)* P(t) 82(1.11) 12t %3D O D. P(t) = 82(1.11) DELL

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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The value of an antique item can be modeled by the equation P(t) = 82(1.11)', with t representing years since its
purchase. How can this equation be rewritten to reveal the approximate monthly rate of increase?
A.
P(t) = 82(1.009) *
B.
P(t) = 82(1.009)"|
124
o C. P(t) = 82(1.11)"
120
O D.
P(t) = 82(1.11)
=
DELL
Transcribed Image Text:You may use a calculator for this item. The value of an antique item can be modeled by the equation P(t) = 82(1.11)', with t representing years since its purchase. How can this equation be rewritten to reveal the approximate monthly rate of increase? A. P(t) = 82(1.009) * B. P(t) = 82(1.009)"| 124 o C. P(t) = 82(1.11)" 120 O D. P(t) = 82(1.11) = DELL
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