Question

5. A baseball card sold for ​$241 in 1975 and was sold again in 1988 for $405. Assume that the growth in the value V of the​ collector's item was exponential.

Answer 1

The exponential growth rate of the baseball card given its price in 1975 and 1988 is 4.07%.

What is the exponential growth rate?

The exponential growth rate is the rate of increase in the value of an asset with the passage of time.

Exponential equations have the form a$b^{x}$

Growth rate = (future value / present value)^(1 / number of years)

(405 / 241)^(1/13) = 4.07%

To learn more about exponential functions, please check: https://brainly.com/question/26331578

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