3 years ago

An antique car costs $32,000 It gains 8% in value every year. How much will it be worth in 6 years?

Mathematics

1 answer:

9966 [12]3 years ago

3 0

Each year, it's value is 1.08 of the previous price, so the equation is

$x=32000*(1.08^6)$

Using a calculator, you get that the answer is 50779.978. You must also round to the nearest hundredth because in our currency, cents are the smallest unit.

Therefore, an antique car that costs $32000 will be worth 50779.98 6 years after.

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