5. A baseball card sold for $241 in 1975 and was sold again in 1988 for $405. Assume that the growth in the value V of the col

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2 years ago

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lector's item was exponential.

1 answer:

Tju [1.3M] · Answer 1 · 2023-04-05T15:00:42+03:00

The exponential growth rate of the baseball card given its price in 1975 and 1988 is 4.07%.

<h3>What is the exponential growth rate?</h3>

The exponential growth rate is the rate of increase in the value of an asset with the passage of time.

Exponential equations have the form a $b^{x}$

Growth rate = (future value / present value)^(1 / number of years)

(405 / 241)^(1/13) = 4.07%

To learn more about exponential functions, please check: brainly.com/question/26331578

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5. A baseball card sold for ​$241 in 1975 and was sold again in 1988 for $405. Assume that the growth in the value V of the​ col