Chapter 9: Problem 49
Without using a calculator, explain why \(2^{\pi}\) must be greater than 8 but less than 16
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Chapter 9: Problem 49
Without using a calculator, explain why \(2^{\pi}\) must be greater than 8 but less than 16
These are the key concepts you need to understand to accurately answer the question.
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As of May 2016 , the highest price paid for a painting was 300 million dollars, paid in 2015 for Willem de Kooning's "Interchange." The same painting was purchased for 20.6 million dollars in \(1989 .\) Data: wsj. com, \(2 / 25 / 16\) a) Find the exponential growth rate \(k,\) and determine the exponential growth function that can be used to estimate the painting's value \(V(t),\) in millions of dollars, \(t\) years after \(1989 .\) b) Estimate the value of the painting in 2025 c) What is the doubling time for the value of the painting? d) How many years after 1989 will it take for the value of the painting to reach 1 billion dollars?
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