chapmpai000 chapmpai000
  • 08-12-2019
  • Mathematics
contestada

Special coin increases its value by 50% each year if the corn is worth $100 now what is the value 10 years from now

Respuesta :

rani01654 rani01654
  • 14-12-2019

Answer:

$5766.5

Step-by-step explanation:

Special corn increases its value by 50% each year.

Therefore, the value of special corn compounded each year by the rate of 50%.

Therefore, if the corn is worth $100, then we have to find its value after 10 years.

Now, the value will be [tex] 100(1 + \frac{ 50 }{ 100 } )^{10} = 5766.5 [/tex] dollars. ( Answer )

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