Question

Special coin increases its value by 50% each year if the corn is worth $100 now what is the value 10 years from now

Answer 1

$5766.5

Explanation:

Special corn increases its value by 50% each year.

Therefore, the value of special corn compounded each year by the rate of 50%.

Therefore, if the corn is worth $100, then we have to find its value after 10 years.

Now, the value will be
`100(1 + ( 50 )/( 100 ) )^(10) = 5766.5` dollars. ( Answer )