Question

timber increase by 2% each year. if a consignment of timber is currently worth $100 000
a) express the value of timber, P dollars, as a function of time, t, where t is the no. of years from now.

Answer 1

Pwease help!

Answer 2

P = 100,000 + 2% 100,000 * t
= 100,000 ( 1 + 1,000 t)

Answer 3

in my text book the answer is P = 100,000(1.02)*t

Answer 4

@chlorophyll

Answer 5

OOps, calculating mistakes :")
Yep, 100,000 factor out, so inside is 1 + .02 = 1.02

Answer 6

P = 100,000(1.02)*t
The idea is increment over time!

Answer 7

Make sense?

Answer 8

yup thankyou!!!

Answer 9

I'm glad that you ask :)