Anyone know the answer to this? Ill give brainliest!!!
1 answer:
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Answer:
The yearly rate of appreciation of the comic book is r=0.017 or r=1.7%
Step-by-step explanation:
we have
This is a exponential function of the form
where
a is the initial value
b is the base
In this problem
a=$1,350
b=1.017
Remember that
b=1+r
so
1+r=1.017
r=1.017-1=0.017
therefore
The yearly rate of appreciation of the comic book is r=0.017 or r=1.7%