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The cost of a cell phone increases about 13.7% each year. About how much would a $350 cell phone cost 20 years from now?

The cost of a cell phone increases about 13.7% each year. About how much would a $350 cell phone cost 20 years from now?
asked 87.4k views
5 votes
The cost of a cell phone increases about 13.7% each year. About how much would a $350 cell phone cost 20 years from

now?

asked
User Woodpav
by
8.4k points

1 Answer

2 votes

Answer:

350(1.137)^20=4563.28232

answered
User Kerim Emurla
by
8.4k points
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