51. Classic Cars Sonia Orta invests in vintageautomobiles. Three years ago, she purchaseda 1953 Corvette roadster for $99,000. Twoyears ago, she purchased a 1929 Pierce-ArrowModel 125 for $55,000. A year ago shepurchased a 1909 Cadillac Model Thirtyfor $65,000.onsolema. Let x represent I plus the average rate ofappreciation. Write a function in terms of xthat models the value of the automobsies.b. If the automobiles appreciiate at an averageannual rate of 15%, find the current value ofthe three automobiles.

Given that, three years ago Sonia Orta purchased a 1953 corvette roadster for $99,000. Two years ago…

51. Classic Cars Sonia Orta invests in vintage automobiles. Three years ago, she purchased a 1953 Corvette roadster for $99,000. Two years ago, she purchased a 1929 Pierce-Arrow Model 125 for $55,000. A year ago she purchased a 1909 Cadillac Model Thirty for $65,000. a. Let x represent I plus the average rate of appreciation. Write a function in terms of x that models the value of the automobics. b. If the automobiles appreciate at an average annual rate of 15%, find the current value of the three automobiles.

51. Classic Cars Sonia Orta invests in vintage automobiles. Three years ago, she purchased a 1953 Corvette roadster for $99,000. Two years ago, she purchased a 1929 Pierce-Arrow Model 125 for $55,000. A year ago she purchased a 1909 Cadillac Model Thirty for $65,000. a. Let x represent I plus the average rate of appreciation. Write a function in terms of x that models the value of the automobics. b. If the automobiles appreciate at an average annual rate of 15%, find the current value of the three automobiles.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

51. Classic Cars Sonia Orta invests in vintage
automobiles. Three years ago, she purchased
a 1953 Corvette roadster for $99,000. Two
years ago, she purchased a 1929 Pierce-Arrow
Model 125 for $55,000. A year ago she
purchased a 1909 Cadillac Model Thirty
for $65,000.
ons
olem
a. Let x represent I plus the average rate of
appreciation. Write a function in terms of x
that models the value of the automobsies.
b. If the automobiles appreciiate at an average
annual rate of 15%, find the current value of
the three automobiles.

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