25.7k views
3 votes
Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?

1 Answer

5 votes
5000:100=50. 50*4=200 5000-200=4800 do the same 5times more, always taking the last number, so now start with 4800:100....
User Aksenov Vladimir
by
5.3k points