Answer:
Step-by-step explanation:
Let the exponential function for the given table is,
f(x) = a(b)ˣ
Here, f(x) = Price of the item after 'x' years
a = Initial price of the item
b = Growth factor
x = Duration(years) from year 1913
By exponential regression calculator,
Exponential function represented by the table will be,
f(x) = 7.822(1.034)ˣ
Now we have to calculate the price of the item in year 2025.
Difference in time = 2025 - 1913
= 112 years
Price of the item after 112 years,
f(112) = 7.822(1.034)¹¹²
= $330.840
