Answered

Cassandra bought an antique dresser for $500. If the value of her

dresser increases 6% annually, what will be the value of Cassandra's dresser at the end of 3 years to the nearest dollar?

Verified Answer :

Greenleafable

A=P(1+i)^n

A=500(1+0.06)^3

A=500(1.06)^3
A=500(1.19)

A=595

A stands for the value of Cassandra's dresser at the end of 3 years rounded to the nearest dollar. P is the original price. 1+i refers to interest, and the exponent 3 refers to three years. The correct answer is $595. 

Answer:

A stands for the value of Cassandra's dresser at the end of 3 years rounded to the nearest dollar. P is the original price. 1+i refers to interest, and the exponent 3 refers to three years. The correct answer is $595.

Step-by-step explanation:

A=P(1+i)^n

A=500(1+0.06)^3

A=500(1.06)^3 A=500(1.19)

A=595

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