SOLUTION: Ok i do not understand this question and how to do it so im gnna ask it haha
A rare postage stamp, originally purchased for $1150, has been increasing in value at a steady rate
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A rare postage stamp, originally purchased for $1150, has been increasing in value at a steady rate
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Question 543058: Ok i do not understand this question and how to do it so im gnna ask it haha
A rare postage stamp, originally purchased for $1150, has been increasing in value at a steady rate of n% per year. Write a function that shows the value of the stamp after t years. Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! A rare postage stamp, originally purchased for $1150, has been increasing in value at a steady rate of n% per year.
Write a function that shows the value of the stamp after t years.
:
Convert n% to .01n
Each the year the value will be multiplied by 1.01 to get the increased value
therefore
f(t) = 1150(1.01n)^t
