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Grade 11 Exponents CCSS: HSF-LE.A.4
The value of a rare collectible coin is appreciating according to the model
[math]V(t)=V_0⋅10^(mt)[/math], where ttt is the time in years since its purchase. If a coin was purchased for $250 and was worth $400 after 4 years, how many years after the purchase will the coin's value first exceed $1,500?
[math]V(t)=V_0⋅10^(mt)[/math], where ttt is the time in years since its purchase. If a coin was purchased for $250 and was worth $400 after 4 years, how many years after the purchase will the coin's value first exceed $1,500?
- 11.9 years
- 13.2 years
- 14.8 years
- 16.5 years
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