maidaanwar93
Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Every year, the value of an antique vase appreciates by 20% of it's value in the previous year if the value of case was 180000 in 2012, find it's value in 2010.
guys I am giving you 100 POINTS!!!no cheating and I need answer that is 125000 and send me with solution?
and guys I need solution easy mean like percentage decreased or increased that is enough explanation for you all of you and if anybody who is free and can give answer right now so please answer me? i will mark you brainlest ok bye

Sagot :

Alphonsinee

[tex]\large{\rm{\underline{\underline{Answer:}}}}[/tex]

In Direct formula method:

If the rate of appreciation r, the initial value I, the final value V, and the period of appreciation n, the formula for appreciation is given by:

V = I(1 + r)ⁿ

In our case, we need to work out the value of n which is number of years in between 2010 and 2012.

So, n = 2012 - 2010 = 2 years

Put the values we have:

⇛180000 = I(1.20)² [ Increases 20% every year ]

⇛180000 = 1.44I

⇛I = 180000/1.44

⇛I = 125000

So, in 2010, the value of the vase was $125000

⛱️ Another way of doing it is in the attachment!!

View image Alphonsinee
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.