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Dennis recently purchased an old car for $1000, and he knows that each year, the car’s value will increase by 2% each year. What is the value of the car after 20 years?

Dennis recently purchased an old car for $1000, and he knows that each year, the car’s value will increase by 2% each year. What is the value of the car after 20 years?
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Dennis recently purchased an old car for $1000, and he knows that each year, the car’s value will increase by 2% each year. What is the value of the car after 20 years?

User Stevo
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1 Answer

5 votes
It is going to be 1400
User Britt
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8.6k points
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