Acollector’s item is purchased for $150 and its value increases by 3% each year. which graph can be used to determine approximately how many years it will take for the value to double? draw a graph to show your work.

we are given

A collector’s item is purchased for $150

so,

its value increases by 3% each year

so,

t is time in years

Let's assume cost of item after t years is C(t)

so, we can use formula

now, we can plug values

so, equation is

After doubling

C(t)=2*150=300

so, we can set C(t)=300

and then we can solve for t

we get

so, doubling time is 23.44977 years.........Answer

Graph:

we can draw graph of

its 8

step-by-step explanation: