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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 :

abidemiokin

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

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