Question

Hello could you please help me with question number six?

Answer 1

Given:

Camilo purchased a coin from the dealer for $300.

Value of the coin increases 5% per year.

`\begin{gathered} \text{Value of the coin in 5 years=}300(1+(5)/(100))^5 \\ \text{Value of the coin in 5 years=}300((105)/(100))^5 \\ \text{Value of the coin in 5 years=}300(1.2763) \\ \text{Value of the coin in 5 years= \$382.}89 \end{gathered}`