Function f is an exponential function. It predicts the value of a famous sculpture, in thousands of dollars, as a function of the number of years since it was last purchased. What equation models this function?

Function f is an exponential function It predicts the value of a famous sculpture in thousands of dollars as a function of the number of years since it was last class=

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Remember that an exponential function takes the form [tex]b \cdot a^x[/tex]. We can see that the problem additionally gave us two points on the curve, which means that we can make two equations in attempt to find [tex]a[/tex]. (This is done by using the x-values and y-values that the points on the graph show, and substituting them into the general form.)


[tex]b \cdot a^0 = b = 5[/tex]

[tex]b \cdot a^1 = 7[/tex]


Substituting the value we found for [tex]b[/tex] that we found in the first equation into the second equation, we can create a better equation and solve for [tex]a[/tex].

[tex]5 \cdot a = 7[/tex]

[tex]a = \dfrac{7}{5}[/tex]


Now, we have found [tex]b = 5[/tex] and [tex]a = \dfrac{7}{5}[/tex], which means that we can create the final curve.

[tex]\boxed{y = 5 \cdot \Big( \dfrac{7}{5} \Big)^x}[/tex]

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