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 $1,500 and the rate of appreciation is 7%, what will be the value of the jewelry after 16 years? [Round to the nearest dollar.]
$1,605
$4,428
$2,550
$25,680
@iambatman

Answer 1

@bambi1091

Answer 2

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