The equation represents the value of the collection after 2 years is V = 140(1 + 0.15)^2.
<h3>What equation represents the value of the collection?</h3>
When the value of an asset appreciates,it means that the price of the item increases with the passage of time.
The formula for calculating future value with appreciation is:
FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
V = 140(1 + 0.15)^2.
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