willowblossom2006
Answered

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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 after 5 years is $44320.36

Exponential function

The formula for calculating the exponential function is expressed as:

[tex]f(x)=ab^x[/tex]

Given the following parameters

a = 3800
b = 1+r = 1 + 0.026 = 1.026

Substitute the given parameters into the formula

[tex]f(x) = 3800(1.026)^5\\f(x) = 3800(1.13693)\\f(x)=4,320.36[/tex]

Hence the value of the painting after 5 years is $44320.36

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

Answer:

$4,320

Step-by-step explanation:

View image madamsva
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