Question

2. A painting is sold for $1,400, and its value

increases by 9% each year after it is sold. What
is the value of the painting after 8 years?
​

Answer 1

$11,480

Explanation:

1,400 x 0.9 = 1,260

1,260 x 8 = 10,080

1,400 + 10,080 = 11,480