Question

On the day you were born, Uncle Peyton gave your parents a piece of sports memorabilia valued at

$75. If past trends continue, it should appreciate in value 12% per year. If you sell it on your 18th
birthday, what can you expect the sale price to be?

Answer 1

$162

Explanation:

12% of $75 is $9 Therefore,

$9 x 18 = 162 ( 18 being the years )

Hope this helps!!!

-Conrad