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. A coin had a value of $1.17 in 1995. Its value has been increasing at 9% per year. What is the value after 5 years?

. A coin had a value of $1.17 in 1995. Its value has been increasing at 9% per year. What is the value after 5 years?
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3 votes
. A coin had a value of $1.17 in 1995. Its value has been increasing at 9% per year. What is the value after 5 years?

User John Dibling
by
7.9k points

1 Answer

4 votes

Answer:

$1.8 (rounded)

Explanation:

1.17 times 1.09^5

User Yalestar
by
8.2k points
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