Question

A baseball card bought in 2005 for $50 increases 3% in value each year. write a model for the value of the card for “t” years after 2005

Answer 1

51.5^t

Explanation:

formula for exponential growth = initial amount ( 1 + growth rate)^year

50 (1+0.03)^t

50(1.03)^t

51.5^t