Get detailed and accurate responses to your questions on IDNLearn.com. Join our Q&A platform to receive prompt and accurate responses from knowledgeable professionals in various fields.

The value of a painting bought for $3,800 increases 2.6% each year. Use a graph to predict the value of the painting in 5 years.

Sagot :

The value of the painting in 5 years is $4,320.36

Expoential functions

The standard exponential function is expressed as:

  • A = P(1+r)^t

Given the following

  • P = $3800
  • r = 2.6% = 0.026
  • t = 5 years

Substitute into the formula

A = 3800(1+0.026)^5
A = 3800(1.026)^5
A = 4,320.36

Hence the value of the painting in 5 years is $4,320.36

Learn more on exponential function here: https://brainly.com/question/12940982

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.