document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=278397>Question 278397</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Each year, my student’s Mike’s kazoo collection appreciates (goes up in value) 10%.  Mike says that after 10 years, the value will double.   How do you respond?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #202595 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=202595\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let's take a simple example.<BR>\n" );
document.write( "Let's say that this year the collection is worth $100<BR>\n" );
document.write( "1.10*x equals the original x plus 10%<BR>\n" );
document.write( "1- 1.1*100=110<BR>\n" );
document.write( "2- 1.1*110=121<BR>\n" );
document.write( "3- 1.1*121=133.10<BR>\n" );
document.write( "4- 1.1*133.1=146.41<BR>\n" );
document.write( "5- 1.1*146.41=161.051<BR>\n" );
document.write( "6- 1.1*161.051=177.1561<BR>\n" );
document.write( "7- 1.1*177.1561=194.872<BR>\n" );
document.write( "8- 1.1*194.872=214.3592\r<BR>\n" );
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document.write( "After 8 years it has more than doubled.<BR>\n" );
document.write( "100*1.10^8=214.359 </SPAN>\n" );
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