I would just like to confirm that I'm doing this correctly. If not, any help would be appreciated. Thanks!
A painting sold for $$274 in 1977 and was sold again in 1987 for $470. Assume that the growth in the value V of the collector’s item was exponential.
Find the value k of the exponential growth rate. Assume $V_0$ = 274
My attempt at solving it:
$k = 0.054$ (rounded to the nearest thousandth)