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A 1970 comic book has appreciated 10% per year and originally sold for $0.35. What will it be worth in 2010?

A 1970 comic book has appreciated 10% per year and originally sold for $0.35. What will it be worth in 2010?
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3 votes
A 1970 comic book has appreciated 10% per year and originally sold for $0.35. What will it be worth in 2010?

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User Nussjustin
by
7.8k points

1 Answer

7 votes
1970 to 2010 = 40 years
New price = .35*(1.1)^40
New price = .35*45.26
New price = .15.84

answered
User Buggy
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7.4k points
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