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The value of an asset, currently priced at $100 000, is expected to increase by 20% a year. (a) Find its value in 10 years’ time. (b) After how many years will it be worth $1 mi…

The value of an asset, currently priced at $100 000, is expected to increase by 20% a year. (a) Find its value in 10 years’ time. (b) After how many years will it be worth $1 mi…
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The value of an asset, currently priced at $100 000, is expected to increase by 20% a

year.
(a) Find its value in 10 years’ time.
(b) After how many years will it be worth $1 million?

asked
User Adrian Theodorescu
by
8.1k points

1 Answer

7 votes

Answer:

A) it will become 300,000 in the next 10 years.

answered
User Rony Rozen
by
7.6k points
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