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Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?

Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?
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Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?

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User David Barry
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5000:100=50. 50*4=200 5000-200=4800 do the same 5times more, always taking the last number, so now start with 4800:100....
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User Aksenov Vladimir
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