An antique car costs $32,000 It gains 8% in value every year. How much will it be worth in 6 years?
1 answer:
Each year, it's value is 1.08 of the previous price, so the equation is
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.
You might be interested in
Given that Allison’s dog is 6 pounds more than 5 times the weight of Gail’s dog, it is important to know the following:
1. The word "more" indicates an Addition.
2. The word "times" indicates Multiplication.
Knowing this, you can write the following expression to represent "5 times the weight of Gail’s dog", where "g" is the weight of Gail’s dog:
Therefore, you can determine that the weight of Allison's dog (in pounds) is the sum of 6 pounds and 5 times the weight of Gail's dog (in pounds). Then, you can represent this with this algebraic expression:
Hence, the answer is: