33 Marilyn collects old dolls. She purchases a doll for $450. Research shows this doll's value will increase by 2.5% each year. Write an equation that determines the value, V, of the doll t years after purchase. Assuming the doll's rate of appreciation remains the same, will the doll's value be doubled in 20 years? Justify your reasoning.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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33 Marilyn collects old dolls. She purchases a doll for $450. Research shows this doll's value will
increase by 2.5% each year.
Write an equation that determines the value, V, of the doll f years after purchase.
Assuming the doll's rate of appreciation remains the same, will the doll's value be doubled in
20 years? Justify your reasoning.
Transcribed Image Text:33 Marilyn collects old dolls. She purchases a doll for $450. Research shows this doll's value will increase by 2.5% each year. Write an equation that determines the value, V, of the doll f years after purchase. Assuming the doll's rate of appreciation remains the same, will the doll's value be doubled in 20 years? Justify your reasoning.
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