Question

A 1970 comic book has appreciated 7% per year and originally sold for $0.35. What will the comic book be worth in 2017?

Answer 1

You tell me if this makes sense to you.

It's 47 years from 1970 to 2017 so you would need to multiply 7% by the 47 years.

So: 0.07x47= 3.29 

Now you should add your new price to your original price: $3.29+$0.35= 3.64

So it should cost $3.64 now. Yes that does seem kind of low but that's how you do it.

I hope this helps :)