Answer:
The amount it took in 2011 to equal the value of 1 currency unit in 1917 was of 24.091 currency units.
The amount it took in 2019 to equal the value of 1 currency unit in 1917 was of 28.031 currency units.
Step-by-step explanation:
The value needed to equal the value of 1 currency unit in 1917, in x years after 1990, is given by:
[tex]V(x) = 0.4925x + 13.7485[/tex]
a) Use this function to predict the amount it will take in 2011 and in 2019 to equal the value of 1 currency unit in 1917
2011 is 2011 - 1990 = 21 years after 1990, so we have to find V(21).
[tex]V(21) = 0.4925*21 + 13.7485 = 24.091[/tex]
The amount it took in 2011 to equal the value of 1 currency unit in 1917 was of 24.091 currency units.
2019 - 1990 = 29, so we also to find V(29).
[tex]V(29) = 0.4925*29 + 13.7485 = 28.031[/tex]
The amount it took in 2019 to equal the value of 1 currency unit in 1917 was of 28.031 currency units.
