anonymous
  • anonymous
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.
Mathematics
jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
CBARREDO1
  • CBARREDO1
799 represents the value of the painting when it was found; the painting will be worth $926 after 5 years
anonymous
  • anonymous
r u sure

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anonymous
  • anonymous
CBARREDO1
  • CBARREDO1
Pretty sure
campbell_st
  • campbell_st
well one of the key principals to this site is to help understanding and not give answers...
campbell_st
  • campbell_st
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
campbell_st
  • campbell_st
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
anonymous
  • anonymous
can u help me with one more @CBARREDO1
anonymous
  • anonymous
For f(x) = 0.01(2)x, find the average rate of change from x = 12 to x = 15.
CBARREDO1
  • CBARREDO1
Sure
anonymous
  • anonymous
For f(x) = 0.01(2)x, find the average rate of change from x = 12 to x = 15.

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