Question

If a parcel of land originally worth $35,000 increases in values 18% per year, what will the land be worth about in the eighth year?

Answer 1

131560.072

Explanation:

Because it is increase so we add humdred to the percent and then divide by hundred - 18+100/100 = 1.18

eight years - 1.18 raised to the pwer of 8

worth - 35000

hence it will be - 1.18 raised to the power of 8 x 35000

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