Question

The equation for the value of a certain piece of jewelry is as follows, where C is the original cost, V is the value of the jewelry after t years, and r is the rate of appreciation.

V = C(1 + r)t

If the original cost of the jewelry was $1,000 and the rate of appreciation is 8%, what will be the value of the jewelry after 20 years? [Round to the nearest dollar.]
$21,600
$4,661
$1,080
$1,800
@PilarS.xoxo

Answer 1

i got $21,600

Answer 2

4661 waz rite