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Mrs. J bought a rare painting in 2000 for $150,000. The value of the painting increases at a rate of 3% per year. How
Mrs. J bought a rare painting in 2000 for $150,000. The value of the painting increases at a rate of 3% per year. How much is the painting worth in 2025? First, write an equation that represents the value of the painting, V, after x years. Then calculate how much the painting is worth in 2025. You must use the equation that you set up and show what you typed into your calculator in order to earn full credit. round your answer to the nearest whole dollar.
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