SOLUTION: Can you create an example of a real world problem with a quantity that grows or decays at a fixed rate? Also then solve by using logarithms.

SOLUTION: Can you create an example of a real world problem with a quantity that grows or decays at a fixed rate? Also then solve by using logarithms.

Algebra.Com

Question 1039738: Can you create an example of a real world problem with a quantity that grows or decays at a fixed rate? Also then solve by using logarithms.
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
You collect baseball cards. Your collection consistently increases 4% a year in value. If your collection is worth $125 today, how much will it be worth in 10 years?
:
A = PV(1+0.04)^10
A = 120(1+0.04)^10 = 177.63
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