Maths-
General
Easy
Question
Juan purchased an antique that had a value of at the time of purchase. Each year, the value of the antique is estimated to increase over its value the previous year. The estimated value of the antique, in dollars, 2 years after purchase can be represented by the expression 200a,where a is a constant what is the value of a?
Hint:
Hint:
- Here we first make general equation and then find the answer
The correct answer is: a = 1.21.
Explanation:
-
- We have given an antique that had a value of at the time of purchase. Each year, the value of the antique is estimated to increase over its value the previous year. The estimated value of the antique, in dollars, 2 years after purchase can be represented by the expression
We have to find the value of
Step 1 of 1:
The initial price of the antiques was
Since the value increases exponentially each year by or
In t years the initial value, increased by
When t=2
Final answer:
The value of .a =1.21
- We have given an antique that had a value of at the time of purchase. Each year, the value of the antique is estimated to increase over its value the previous year. The estimated value of the antique, in dollars, 2 years after purchase can be represented by the expression
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