In 2004 , an art collector paid
(Type an expression. Type integers or decimals for any numbers in the expression. Round to three decimal places as needed.)
b) Predict the value of the painting in 2024 .
(Round to the nearest million as needed.)
c) Estimate the rate of change of the painting's value in 2024 .
dollar(s) per year.
(Round to the nearest million as needed.)
Final Answer: The value of the painting in 2024 is approximately
Step 1 :The value of the painting is given by the function
Step 2 :To find the value of the painting in 2024, we need to substitute
Step 3 :The value of the painting in 2024 is approximately $1,589,924,965.64.
Step 4 :To find the rate of change of the painting's value in 2024, we need to find the derivative of the function
Step 5 :The derivative of
Step 6 :The rate of change of the painting's value in 2024 is approximately $233,718,969.95 per year.
Step 7 :Final Answer: The value of the painting in 2024 is approximately