Janelle invests in a piece of art that cost 600 British Pounds. A study found that art appreciates in value at a rate of 3.97% per year. Assuming this pattern continues, how much, in British Pounds, will Janelle's piece of art be valued at after 10 years? Round your answer to the hundredths place. Enter your answer in the box.

British Pounds

It will be worth about £885.59.

Step-by-step explanation:

The art piece originally costs £600.

And it appreciates at a rate of 3.97% each year.

And we want to find the value of the art after 10 years.

We can write an exponential function to model the situation. The standard exponential function is given by:

Where t is the time in years.

Since it appreciates at a rate of 3.97% each year, the value after each year will be (100% + 3.97%) or 103.97%.

103.97% = 1.0397. So, r = 1.0397:

Our a is the initial value. Therefore:

Then the value of the piece of art after 10 years is:

It will be worth about £885.59 after 10 years.

i think there was a typo. you wrote pat brings 3 quarts of ice-cream to the party. each serving of ice-cream is 1 6 quart. how many total servings of ice-cream does pat bring to the party? i think the bold is supposed to be 1/6. so 1 quart of ice cream = 6 servings. 6 * 3 = 18.

- both graphs increase on their domain.

- the graphs of both functions have the same x-intercept.

- neither graph has a y-intercept.