+0  
 
0
2810
1
avatar

A coin had a value of $1.17 in 1995. It's value has been increasing at a rate of 9% per year.

 Apr 16, 2014

Best Answer 

 #1
avatar+128079 
+5

A coin had a value of $1.17 in 1995. It's value has been increasing at a rate of 9% per year.

 

I assume you want to know its value now.

To calculate this, we have

An = A0 * (1.09)n

Where An is the value after n years, A0 is the original value, and the exponent n  is the number of years.

So we have

An = 1.17* (1.09)19

 

See if you can go from here......

 Apr 17, 2014
 #1
avatar+128079 
+5
Best Answer

A coin had a value of $1.17 in 1995. It's value has been increasing at a rate of 9% per year.

 

I assume you want to know its value now.

To calculate this, we have

An = A0 * (1.09)n

Where An is the value after n years, A0 is the original value, and the exponent n  is the number of years.

So we have

An = 1.17* (1.09)19

 

See if you can go from here......

CPhill Apr 17, 2014

1 Online Users