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box_____

Guest

Application of Coordinate Geometry: Predicting the Value of an item

Suppose and object purchased for 50,000$ is expected to appreciate in value at a constant rate of 5000% for the next 5 years.

a)Write an equation predicting the value of the object in the next several years.

b)What will be it's value 3 years from purchase?

Bob

Administrator

Registered: 2010-06-20

Posts: 10,643

Re: Application of Coordinate Geometry: Predicting the Value of an item

hi box_____

Welcome to the forum.

Did you mean 5000% per year?

An increase of 5000% is equivalent to multiplying by 50

So after one year the value is 50000 x 50; and after two years it is 50000 x 50 x 50 and so on.

A formula for this would be

where N is the number of years.

If you know where we can get that interest rate do please tell. 

Bob

---

Children are not defined by school ...........The Fonz
You cannot teach a man anything;  you can only help him find it within himself..........Galileo Galilei
Sometimes I deliberately make mistakes, just to test you!  …………….Bob

box_____

Member

Registered: 2014-06-16

Posts: 2

Re: Application of Coordinate Geometry: Predicting the Value of an item

Apparently, it's supposed to be 5000% per year. Thanks for the help!