The value of a rare painting has increased each year since it was found at a garage sale. The value of the painting is modeled by the function f(x) = 799(1.03)x. What does the 799 represent? What will the painting be worth after 5 years? Round your answer to the nearest dollar. 799 represents the value of the painting when it was found; the painting will be worth $926 after 5 years 799 represents the increase in the value of the painting; the painting will be worth $103 after 5 years 799 represents the value of the painting when it was found; the painting will be worth $804 after 5 years 799 represents the total value of the painting; the painting will be worth $926 after 5 years
799 represents the value of painting when it was found and painting will worth $726 after 5 years.
A function representing the final value with exponential growth of r% after time 'x' is given by,
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Where, A = Initial quantity
Function modeling the worth of paining after 'x' years has been given as,
f(x) = 799(1.03)ˣ
Here, 799 represents the value of the painting when it was found.
For x = 5 years,
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≈ $926
Therefore, 799 represents the value of painting when it was found and the painting will be worth $926 after 5 years.
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Answer:
799 represents the value of the painting when it was found; the painting will be worth $926 after 5 years
Step-by-step explanation:
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