Question

sheila pSheila purchased a plot of land for $23,500. The land appreciates about 1.9% each year. What is the value of the land after seven years?

Answer 1

Do $23,000 x 1.9 which equals 43,700. repeat this 6 more times to get a final answer of 2,055,905.

Answer 2

Thanks what formula did u use?

Answer 3

I'm not sure if there is a formula to it. Just keep multiplying by 1.9

Answer 4

oh ok thanks.