An antique lamp was worth $185 in 1965 and increases at 15% per year, giving a value formula V=185(1.15)^t, where tt is the number of years since 1965.
An antique lamp was worth $185 in 1965 and increases at 15% per year, giving a value formula V=185(1.15)^t, where tt is the number of years since 1965.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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An antique lamp was worth $185 in 1965 and increases at 15% per year, giving a value formula V=185(1.15)^t, where tt is the number of years since 1965. Answer the following questions, rounding your answers to the nearest cent.
a) What was the value of the lamp in 1985?
Answer:
b) What was the average value of the lamp over the period 1965-1985?
Answer:
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