Question

The original value of a painting is $1400, and the value increases by 9% each year. Write an

exponential model for this situation.

y = 140 (1. 09)

y=1400 (0. 91)

y = 1400 (1. 09)

Answer 1

Explanation:

The exponential model for this situation would be y = 1400 (1.09), where y represents the value of the painting after a certain number of years. This formula takes into account the original value of the painting ($1400) and the annual increase of 9%. By plugging in the number of years, you can determine the current value of the painting.