Question

Samuel took an Antigua clock that his grandfather had purchased, to be appraised the appraiser evaluated the current price of the clock to be $400 and stated that the value will continue to increase at 2% per year. Witch of the following graphs shows the value of the antique clock, y , in dollars , after x years ?

Answer 1

For this case we have an equation of the form:

`y = A * (b) ^ x`
Where,
A: original price
b: growth rate
x: number of years
Substituting values we have:

`y = 400 * (1.02) ^ x`
Answer:
the value of the antique clock, and, in dollars, after x years is:

`y = 400 * (1.02) ^ x`