The price of silver has increased by 25% per year from 2000. In the year 2000,Harry bought a silver bowl for $170. Write a funct
ion F(x) that can be used to represent the price of the bowl in x years after 2000
2 answers:
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
The price of silver has increased by 25% per year from 2000. In the year 2000, Harry bought a silver bowl for $170.
<u>To calculate the price of the silver bowl after x years, we need to use the following formula:</u>
<u></u>
F(x)= PV*(1+g)^x
F(x)= future value
PV= present value
g= growth rate
x= number of years
<u>For example, we determine the value of the coin after 10 years:</u>
F(x)= 170*(1.25^10)
F(x)= $1,583.25
Answer:
F(x)= 170*(1.25^10)
F(x)= $1,583.25
Step-by-step explanation:
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7
Step-by-step explanation:
3(y+5)=36
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