A painting sold for $ 2 1 7 in 1 9 7 8 and was sold again in 1 9 8 7 for $ 4 5 5 Assume that the growth in the value V of the collector 's item was exponential a ) Find the value k of the exponential growth rate Assume V 0 2 1 7 k ( Round to the nearest thousandth )

Question

A painting sold for $ 2 1 7 in 1 9 7 8 and was sold again in 1 9 8 7 for $ 4 5 5   Assume that the growth in the value V of the collector 's item was exponential  a ) Find the value k of the exponential growth rate  Assume V 0   2 1 7   k   ( Round to the nearest thousandth  )

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A painting sold for $ 2 1 7 in 1 9 7 8 and was sold again in 1 9 8 7 for $ 4

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