A collector of rare books has a first-edition book worth $220, which he anticipates will grow in value at a rate of 10% per year. How much will this book be worth 10 years from now?

In the next 10 years, the book will be worth $569.80.

Step-by-step explanation:

This is an exponential function. So use the formula A (t) = a (1+r) ^t.

a = the initial amount

r = rate of growth (interest)

t = the time period

A (10) = 220 (1 +.10) ^10

A (10) = 220 (1.10) ^10

A (10) = 220 (2.59)

A (10) = 569.8