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Javier bought a painting for 
$150. Each year, the painting's value increases by a factor of 1.15 .
Which expression gives the painting's value after 7 years?
Choose 1 answer:
(A) 
150+1.15*7
(B) 
150*1.15^(7)
(C) 
(150*1.15)^(7)
(D) 
(150+1.15)*7

Javier bought a painting for $150 \$ 150 . Each year, the painting's value increases by a factor of 11.1515.\newlineWhich expression gives the painting's value after 77 years?\newlineChoose 11 answer:\newline(A) 150+1.157 150+1.15 \cdot 7 \newline(B) 1501.157 150 \cdot 1.15^{7} \newline(C) (1501.15)7 (150 \cdot 1.15)^{7} \newline(D) (150+1.15)7 (150+1.15) \cdot 7

Full solution

Q. Javier bought a painting for $150 \$ 150 . Each year, the painting's value increases by a factor of 11.1515.\newlineWhich expression gives the painting's value after 77 years?\newlineChoose 11 answer:\newline(A) 150+1.157 150+1.15 \cdot 7 \newline(B) 1501.157 150 \cdot 1.15^{7} \newline(C) (1501.15)7 (150 \cdot 1.15)^{7} \newline(D) (150+1.15)7 (150+1.15) \cdot 7
  1. Identify nature of increase: Identify the nature of the increase in the painting's value.\newlineThe painting's value increases by a factor of 1.151.15 each year, which means it is a case of exponential growth.
  2. Determine mathematical representation: Determine the correct mathematical representation for exponential growth.\newlineExponential growth is represented by the initial value A A multiplied by the growth factor r r raised to the power of the number of time periods t t , which can be written as Art A \cdot r^{t} .
  3. Match options with correct representation: Match the given options with the correct representation of exponential growth.\newlineOption (A) represents linear growth, which is incorrect.\newlineOption (B) represents the initial value multiplied by the growth factor raised to the power of 77, which matches the correct representation of exponential growth.\newlineOption (C) incorrectly raises the product of the initial value and the growth factor to the power of 77.\newlineOption (D) represents a sum multiplied by 77, which is also incorrect.
  4. Choose correct option: Choose the correct option based on the analysis.\newlineThe correct option that represents the painting's value after 77 years is (B) 150×1.157150 \times 1.15^{7}.

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