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

Question

zimovet [89]

4 years ago

9

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?

Mathematics

2 answers:

babunello [35] · Answer 1 · 2021-11-23T13:06:49+03:00

babunello [35]4 years ago

4 0

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!

Tems11 [23] · Answer 2 · 2021-11-23T14:15:53+03:00

Tems11 [23]4 years ago

4 0

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