Ask Question
19 June, 08:14

You buy a commemorative coin for $25. The value of the coin increase 3.25% per year. How much will the coin be worth in 15 years?

+2
Answers (1)
  1. 19 June, 08:27
    0
    A=25 (1+.0325) ^15

    A=25*1.0325) ^15

    A=25*1.6157=40.39

    ans:

    The $25 coin will be worth $40.39 after 15 years at an annual interest rate of 3.25%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You buy a commemorative coin for $25. The value of the coin increase 3.25% per year. How much will the coin be worth in 15 years? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers