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The function v(t) 1350(1.017)t represents the value v(t), in dollars, of a comic book t years after its purchase. the yearly rate of appreciation of the comic book is

Respuesta :

calculista

Answer:

The yearly rate of appreciation of the comic book is r=0.017 or r=1.7%

Step-by-step explanation:

we have

[tex]v(t)=1,350(1.017)^{x}[/tex]

This is a exponential function of the form

[tex]f(x)=a(b)^{x}[/tex]

where

a is the initial value

b is the base

In this problem

a=$1,350

b=1.017

Remember that

b=1+r

so

1+r=1.017

r=1.017-1=0.017

therefore

The yearly rate of appreciation of the comic book is r=0.017 or r=1.7%

Answer:

The yearly rate of appreciation of the comic book is r=0.017 or r=1.7%

Step-by-step explanation:

we have

This is a exponential function of the form where

a is the initial value

b is the base

In this problem

a=$1,350

b=1.017

Remember that

b=1+r

so

1+r=1.017

r=1.017-1=0.017

therefore

The yearly rate of appreciation of the comic book is r=0.017 or r=1.7%

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