Solved: The value, V , of a Tiffany lamp, worth $225 in 1975, increases at 15% per year

Chapter 5, Problem 25

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The value, V , of a Tiffany lamp, worth $225 in 1975, increases at 15% per year. Its value in dollars t years after 1975 is given by V = 225(1.15)t . Find the average value of the lamp over the period 1975 2010.

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