The 1957 Studebaker Golden Hawk has become a car of interest to those investing in classic cars. In 1967 a 10 year-old Golden Hawk sold for only $800, and in 2006, this car, in top condition, was worth about $27,000.

Question: Estimate the value of the car in 2008.

Question

The 1957 Studebaker Golden Hawk has become a car of interest to those investing in classic cars. In 1967 a 10 year-old Golden Hawk sold for only $800, and in 2006, this car, in top condition, was worth about $27,000.

Question: Estimate the value of the car in 2008.

anonymous · Answer

i am willing to do all the work, i just dont know where to start.  i did find the value of k (1/39 ln 2700/800)= .0902
and i think the exponentiial growth is N(0)=800e.0902t