Please Explain and How to input numbers into equation

Question

+10

917

2

+14

Camilo purchased a rare coin from a dealer for $300. The value of the coin increases 5% each year. Determine the value of the coin in 5 years.

Please explain which equation you use and why.

Thanks <3

Ari_Kegh Jan 27, 2016

edited by Ari_Kegh Jan 27, 2016

+129847

+5

Best Answer

A_t = A₀ ( 1 + r)^t

A = 300(1.05)^5 = about $382.88

CPhill Jan 27, 2016

edited by CPhill Jan 27, 2016

CPhill · Answer 1 · 2016-01-27T04:13:50

A_t = A₀ ( 1 + r)^t

A = 300(1.05)^5 = about $382.88

Guest · Answer 2 · 2016-01-27T04:14:52

$300(1.05)^5=$382.88 coins value after 5 years.