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!
Answer:$36
Step-by-step explanation:
He has sold 6 and made $18 6x2=12 2x18=36
Add like terms just like you would anywhere else...