SOLUTION: If the value of a gold coin is increased by 20% each year, find the percentage increase of the coin over three years.

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Question 1098585: If the value of a gold coin is increased by 20% each year, find the percentage increase of the coin over three years.
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
If the value of a gold coin is increased by 20% each year, find the percentage increase of the coin over three years.
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Value after 3 years = 1.2^3 = 1.728 times original value.
--> 72.8% increase