ajgregory2501 ajgregory2501

04-10-2017
Mathematics

contestada

Sheila purchase a plot of land for $23,500. The land appreciates about 1.9% each year. What is the value of the land after seven years?

Respuesta :

Aliwohaish12 Aliwohaish12

04-10-2017

The formula is
A=p (1+r)^t
A the value of land ?
P purchase price 23500
R rate of appreciation 0.019
T time 7 years
A=23,500×(1+0.019)^(7)
A=26,809

Hope it helps!

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Jolteon14 Jolteon14

04-10-2017

The answer your looking for is right here!
3,125.5$ after 7 years

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