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