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06-10-2017
Mathematics

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which expression shows the value of a rare postage stamp, originally purchased for $5000, that has been increasing in value by 11% for 10 years

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mreijepatmat mreijepatmat

06-10-2017

A = P(1+i)ⁿ, where P = original value, " i " = growth rate, n= #years; A= actual value:

A = 5000(1+0.11)¹⁰

A= 5000(1.11)¹⁰

A = $14,197.1

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