The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V ( t ) , in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $ 300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $ 20.6 million in 1989.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

1 5 1 2 3 1 6 7 -4 -3 -2 -1 0 1 2 3 -1 4 Which point is not included in the solution cot for the inequality? 5

Which graph represents the solution of y > x2 + 2?

A boat's value over time, x, is given as the function f(x) = 400(b)x. Which graph shows the boat's value decreasing at a rate of 25% per year?

Answer 2

Question

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 6

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 7

Chapter 12.7, Problem 43ES

(a)

To determine

To calculate: The exponential growth rate k and the exponential growth function that can be used to estimate the painting’s value V(t), in millions of dollars, t years after 1989. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 8

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 9

(b)

To determine

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 10

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 11

(c)

To determine

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 12

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 13

(d)

To determine

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 12.1 - 1. Given , find. Ch. 12.1 - Prob. 2YT Ch. 12.1 - Prob. 3YT Ch. 12.1 - Prob. 4YT Ch. 12.1 - Prob. 5YT Ch. 12.1 - Prob. 6YT Ch. 12.1 - Prob. 7YT Ch. 12.1 - Prob. 8YT Ch. 12.1 - 9. Let. Use composition of inverse functions to...Ch. 12.1 - Prob. 1CYU

Concept explainers

Videos

To calculate: The value of painting in the year 2025. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

To calculate: The doubling time for the value of the painting. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

To calculate: Find the time in which the value of the painting reaches $1 billion. If as of May 2016, the highest price paid for a painting was $300 million paid in 2015 for Willems de Kooning’s interchange and the same painting was purchased for $20.6 million in 1989.

Want to see the full answer?

Chapter 12 Solutions