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anonymous

  • one year ago

The value of a rare painting has increased each year since it was found at a garage sale. The value of the painting is modeled by the function f(x) = 799(1.03)x. What does the 799 represent? What will the painting be worth after 5 years? Round your answer to the nearest dollar.

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  1. anonymous
    • one year ago
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    @CBARREDO1 @campbell_st @MathGuyThatWantsHelp

  2. CBARREDO1
    • one year ago
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    799 represents the value of the painting when it was found; the painting will be worth $926 after 5 years

  3. anonymous
    • one year ago
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    r u sure

  4. anonymous
    • one year ago
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    @CBARREDO1

  5. CBARREDO1
    • one year ago
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    Pretty sure

  6. campbell_st
    • one year ago
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    well one of the key principals to this site is to help understanding and not give answers...

  7. campbell_st
    • one year ago
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    if x is time in years.... this growth model is just an application of the compound interest formula. so if you subsitute x = 0 that with give the initial value of the painting... remember anything to the power zero is 1

  8. campbell_st
    • one year ago
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    the 2nd part of the question tells you 5 years later so x =5 make the substitution and calculate the value... \[f(5) = 799 \times (1.03)^5\] that's all that is needed

  9. anonymous
    • one year ago
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    can u help me with one more @CBARREDO1

  10. anonymous
    • one year ago
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    For f(x) = 0.01(2)x, find the average rate of change from x = 12 to x = 15.

  11. CBARREDO1
    • one year ago
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    Sure

  12. anonymous
    • one year ago
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    For f(x) = 0.01(2)x, find the average rate of change from x = 12 to x = 15.

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