kaylid0114
contestada

Belle inherited an antique teapot from her grandmother. The teapot's current value is $30 and
increases at a rate of 5% each year,
A: Write an equation that models the situation.
B: Find the value of the teapot in 20 years.

Respuesta :

Alfpfeu

Answer:

[tex]\boxed{\$79.60}[/tex]

Step-by-step explanation:

current value is $30

as it increases at a rate of 5% each year

after n year the value will be [tex]30(1.05)^{n}[/tex]

so for 20 years it will be [tex]30(1.05)^{20}[/tex]

it gives 79.59893 so we can round it to 79.60