Math Problem Statement

V=25000e^0.14t

Solution

The problem provides the value of a painting as a function of time tt (in years) given by:

V(t)=25000e0.14tV(t) = 25000 \cdot e^{0.14t}

Let's solve each part step by step.

(a) Find the value of the painting when the woman bought it.

When the woman bought the painting, t=0t = 0. Substitute t=0t = 0 into the equation:

V(0)=25000e0.140=25000e0=250001=25000V(0) = 25000 \cdot e^{0.14 \cdot 0} = 25000 \cdot e^0 = 25000 \cdot 1 = 25000

So, the value of the painting when the woman bought it is $25,000.

(b) Find the value of the painting after 9 years.

Now, substitute t=9t = 9 into the equation:

V(9)=25000e0.149=25000e1.26V(9) = 25000 \cdot e^{0.14 \cdot 9} = 25000 \cdot e^{1.26}

Let's calculate the numerical value.

V(9)25000e1.26250003.52488100V(9) \approx 25000 \cdot e^{1.26} \approx 25000 \cdot 3.524 \approx 88100

So, the value of the painting after 9 years is approximately $88,100.

(c) Find the difference in the value of the painting after 10 years compared to after 9 years.

First, calculate the value of the painting after 10 years:

V(10)=25000e0.1410=25000e1.4V(10) = 25000 \cdot e^{0.14 \cdot 10} = 25000 \cdot e^{1.4}

Let's calculate this:

V(10)25000e1.4250004.055101375V(10) \approx 25000 \cdot e^{1.4} \approx 25000 \cdot 4.055 \approx 101375

Now, find the difference between the value after 10 years and 9 years:

Difference=V(10)V(9)10137588100=13275\text{Difference} = V(10) - V(9) \approx 101375 - 88100 = 13275

So, the difference in the value is approximately $13,275.


Would you like any more details or explanations on these calculations? Here are some related questions you might find useful:

  1. What would be the value of the painting after 5 years?
  2. How long would it take for the painting's value to double?
  3. What is the percentage increase in the painting's value from year 9 to year 10?
  4. If the initial value of the painting was $30,000, how would that affect the value after 9 years?
  5. How does the rate 0.140.14 affect the growth of the painting's value?

Tip: When dealing with exponential growth, the rate of growth significantly impacts the final value over time, especially in longer periods.

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Math Problem Analysis

Mathematical Concepts

Exponential functions
Compound interest

Formulas

Exponential growth formula V(t) = V0 * e^(rt)

Theorems

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Suitable Grade Level

High school