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Scott purchased a painting in 2016 for $1250. Since then, its value has increased by 6% each year. Use an exponential function to find the value of the painting in 2027. show work
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Scott purchased a painting in 2016 for $1250. Since then, its value has increased by 6% each year. Use an exponential function to find the value of the painting in 2027.

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User Varan Sinayee
by
4.9k points

2 Answers

9 votes

Answer:

y = 1250(1 + .06)11

Explanation:

User Eric Naeseth
by
5.7k points
12 votes

Answer:

2372.87

Explanation:

Y=1250(1.06)11

User Linkrules
by
5.7k points
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