51. Classic Cars Sonia Orta invests in vintageautomobiles. Three years ago, she purchaseda 1953 Corvette roadster for $99,000. Twoyears ago, she purchased a 1929 Pierce-ArrowModel 125 for $55,000. A year ago shepurchased a 1909 Cadillac Model Thirtyfor $65,000.onsolema. Let x represent I plus the average rate ofappreciation. Write a function in terms of xthat models the value of the automobsies.b. If the automobiles appreciiate at an averageannual rate of 15%, find the current value ofthe three automobiles.

Given that, three years ago Sonia Orta purchased a 1953 corvette roadster for $99,000. Two years ago…

51. Classic Cars Sonia Orta invests in vintage automobiles. Three years ago, she purchased a 1953 Corvette roadster for $99,000. Two years ago, she purchased a 1929 Pierce-Arrow Model 125 for $55,000. A year ago she purchased a 1909 Cadillac Model Thirty for $65,000. a. Let x represent I plus the average rate of appreciation. Write a function in terms of x that models the value of the automobics. b. If the automobiles appreciate at an average annual rate of 15%, find the current value of the three automobiles.

51. Classic Cars Sonia Orta invests in vintage automobiles. Three years ago, she purchased a 1953 Corvette roadster for $99,000. Two years ago, she purchased a 1929 Pierce-Arrow Model 125 for $55,000. A year ago she purchased a 1909 Cadillac Model Thirty for $65,000. a. Let x represent I plus the average rate of appreciation. Write a function in terms of x that models the value of the automobics. b. If the automobiles appreciate at an average annual rate of 15%, find the current value of the three automobiles.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 33E: DVD Player sales The table shows the number of DVD play-ers sold in a small electronics store in the...

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