A doll sold for $228 in 1975 and was sold again in 1990 for $401. Assume that the growth in the value V of the collectors item was exponential. Find the value of k of the exponential growth rate. Assume

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 61SE: The fox population in a certain region has an annualgrowth rate of 9 per year. In the year 2012,...
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A doll sold for $228 in 1975 and was sold again in 1990 for $401. Assume that the growth in the value V of the collectors item was exponential. Find the value of k of the exponential growth rate. Assume
a) Find the value k of the exponential growth rate. Assume V = 228.
k=0
(Round to the nearest thousandth.)
Transcribed Image Text:a) Find the value k of the exponential growth rate. Assume V = 228. k=0 (Round to the nearest thousandth.)
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