Question

Alicia has a pair of shoes currently valued at $180. She wants to keep the shoes as a collecters item for 10 years to see how much they are worth. If the shoes have an annual interest rate of 15%, how much will they be valued at in 10 years?

Answer 1

£450

Explanation:

She earns £27 on the shoes every year.

27 * 10 years is 270

270 + 180 is £450

Hope it helps! :)