In 1967 car valued at $800; in 2006 valued at $27000. find the exponential growth?

how do i find
a. Estimate teh value of the car in 2008?
b. After how long will the value of the car be $40,000 (assuming that there is no change in the growth rate.

Question

In 1967 car valued at $800; in 2006 valued at $27000.  find the exponential growth?

how do i find
a. Estimate teh value of the car in 2008?
b. After how long will the value of the car be $40,000 (assuming that there is no change in the growth rate.

anonymous · Answer

Okay I got $28,600 for the estimated value of the car in 2008.

sally · Answer

how?

anonymous · Answer

Also I think the value of the car will be at $40,000 dollars after 50 years.

anonymous · Answer

There'a formula for the growth. Is it in your textbook?

anonymous · Answer

Well 800 x 50 equals 40,000 and 27000 + 800 x 2 = 28,600....

anonymous · Answer

Sally, are you still around?