SOLUTION: The cost,c, for maintenance on an antique car increases by 5% each year.If Jose paid S200 for initial maintenance,then the charge x years later can be given by function {{{C(x)=20

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The cost,c, for maintenance on an antique car increases by 5% each year.If Jose paid S200 for initial maintenance,then the charge x years later can be given by function {{{C(x)=20      Log On

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Question 1042055: The cost,c, for maintenance on an antique car increases by 5% each year.If Jose paid S200 for initial maintenance,then the charge x years later can be given by function C%28x%29=200%28n%29%5Ex. What is the value of n?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


1 plus the decimal representation of the annual percentage increase.

John

My calculator said it, I believe it, that settles it