Question

The value, y, in dollars of a limited edition baseball card after x years can be represented by the function y=5000(1.15)x.

How much is the baseball card worth after 12 years to the nearest dollar

Answer 1

To find the value of the baseball card after 12 years, we can substitute x = 12 into the function and calculate the value:

y = 5000(1.15)^12
y ≈ 5000(21.951)
y ≈ 109,755

Therefore, the baseball card is worth approximately $109,755 after 12 years.