SOLUTION: the value of an item is increasing at a rate of 0.5% per year. in 2000, the item was worth $1350. find the value of the card in 2013.

Algebra ->  Exponents -> SOLUTION: the value of an item is increasing at a rate of 0.5% per year. in 2000, the item was worth $1350. find the value of the card in 2013.      Log On


   

Question 1159119: the value of an item is increasing at a rate of 0.5% per year. in 2000, the item was worth $1350. find the value of the card in 2013.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
A=Ao(1+0.005)^t, t equals 13 and A0=$1350
A=1350(1.005^13)
=$1440.43