Certain pieces of antique furniture increased very rapidly in price in the 1970s and 1980s. for example, the value of a particular rocking chair is well approximated by v=150(1.65)^t where v is in dollars and t is the number of years since 1975. find the rate, in dollars per year, at which the price is increasing.

The price is increasing by 65% per year.

Step-by-step explanation:

Since, the exponential growth function,

Where,

a = initial value,

r = rate of increasing per period,

x = number of periods,

Here, the given function,

Where,

t = number of years,

By comparing,

r = 0.65,

i.e. the rate of increasing per year = 0.65 = 65%

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452,489 to the nearest thousand is 452,000