Question

@cwrw238 Did I do this right ?
Tiffany purchased a building for $152,250. The land appreciates about 3.4% each year. What is the value of the land after 13 years?
152,250*3.4*13+152,250=219,544.50 ?

Answer 1

This is not simple interest. This is compound appreciation.

Try \(152250 * 1.034 ^ {13}\)