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Peytondunsmore Peytondunsmore
  • 01-05-2014
  • Mathematics
Answered

How do u do this ??? Alistair buys an antique chair for £600. It is expected to increase in value at the rate of 4.5% each year. How much is it expected to be worth in 3 years ??

Verified Answer :

Anonymous Anonymous
  • 01-05-2014

\(100\%+4.5\%=104.5\%=1.045\\\\\£600\cdot1.045^3\approx\£684.70\leftarrow answer\)

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