PLEEEEAAAAAAAASE HELP ME... CLASS IS TODAY AND I STILL HAVE ALL OF MY HW TO DO... I HAVE NO IDEA, PLEASE BE QUICK THANK SO MUCH!
1 answer:
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Answer:
$14722.14
Step-by-step explanation:
We are given that
In 2015
The value of jewel=$17500
Rate of appreciation, r=2.5%
We have to find the initial value of the jewel when it was first bought.
Time, n=7 years
Final value=
Using the formula
Initial value=$14722.14
Hence, the the initial value of the jewel when it was first bought=$14722.14