Question

A rare first-edition book is currently priced at $200. After one year, the price of the book is anticipated to be 1.15 times the current price of the book. Then, one year after that, the price of the book is anticipated to be 1.15 times the price of the book the previous year. If this pattern continues, which of the following graphs represents the price of the book over time?

Answer 1

Answer:

The graph should look like the graph of $f(x)=230*(1.15)^x$

Step-by-step explanation:

The question is an exponential function problem because the price increase is dependent on the previous price. NOT the initial price. Therefore, using the

$f(x) = a(1+r)^x$ formula, and plugging in the corresponding values, we get the answer.

Answer 2

The answer is tan c ....hope this helps