The value of a collector’s item is expected to increase exponentially each year. The item is purchased for $500. After 2 years, the item is worth $551.25. Which equation represents y, the value of the item after x years?

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17-01-2017
Mathematics

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The value of a collector’s item is expected to increase exponentially each year. The item is purchased for $500. After 2 years, the item is worth $551.25. Which equation represents y, the value of the item after x years?

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ddamon2012 ddamon2012 · Answer 1 · 2017-01-17T14:53:54+01:00

ddamon2012 ddamon2012

17-01-2017

The value of a collector’s item is expected to increase exponentially each year. The item is purchased for $500. After 2 years, the item is worth $551.25. Which equation represents y, the value of the item after x years? idk sorry

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Dynonisius Dynonisius · Answer 2 · 2017-01-17T14:54:41+01:00

Dynonisius Dynonisius

17-01-2017

551.25 x 1.05 ^ x = y

x, amount of years
y, value

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