51. Classic Cars Sonia Orta invests in vintage automobiles. Three years ago, she purchased a 1953 Corvette roadster for $99,000. Two years ago, she purchased a 1929 Pierce-Arrow Model 125 for $55,000. A year ago she purchased a 1909 Cadillac Model Thirty for $65,000. a. Let x represent I plus the average rate of appreciation. Write a function in terms of x that models the value of the automobics. b. If the automobiles appreciate at an average annual rate of 15%, find the current value of the three automobiles.
51. Classic Cars Sonia Orta invests in vintage automobiles. Three years ago, she purchased a 1953 Corvette roadster for $99,000. Two years ago, she purchased a 1929 Pierce-Arrow Model 125 for $55,000. A year ago she purchased a 1909 Cadillac Model Thirty for $65,000. a. Let x represent I plus the average rate of appreciation. Write a function in terms of x that models the value of the automobics. b. If the automobiles appreciate at an average annual rate of 15%, find the current value of the three automobiles.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 33E: DVD Player sales The table shows the number of DVD play-ers sold in a small electronics store in the...
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