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If the original cost of the jewelry was $500 and the rate of appreciation is 7%, what will be the value of the jewelry after 17 years? [Round to the nearest dollar.]

If the original cost of the jewelry was $500 and the rate of appreciation is 7%, what will be the value of the jewelry after 17 years? [Round to the nearest dollar.]
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2 votes
If the original cost of the jewelry was $500 and the rate of appreciation is 7%, what will be the value of the jewelry after 17 years? [Round to the nearest dollar.]

User Mayada
by
8.5k points

1 Answer

3 votes
7% of 500 is 35
35*17+500=1095
User Baezid Mostafa
by
9.1k points
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