Ask Question
30 September, 17:32

Cindy found a collection of baseball cards in her attic worth $8,000. the collection is estimated to increase in value by 1.5% per year. write an exponential growth function and find the value of the collection after 7 years

+2
Answers (1)
  1. 30 September, 17:49
    0
    A]

    Exponential function is given by the form:

    y=a (b) ˣ

    where:

    a=initial value

    b=growth factor

    From the question:

    a=$8000, b=1.015,

    thus the exponential growth function of this situation is:

    y=8000 (1.015) ˣ

    b] The value of the collection after 7 years will be:

    x=7 years

    Using the formula:

    y=8000 (1.015) ˣ

    plugging the values we get:

    y=8000 (1.015) ⁷

    y=8,878.76

    Answer: $8,878.76
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Cindy found a collection of baseball cards in her attic worth $8,000. the collection is estimated to increase in value by 1.5% per year. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers