Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

The value of a baseball players rookkie card began to increase once the player retired.When he retired in 1995 hid card was worth 9.43.The value has increased by 1.38 each year since then.Yall I really need help I dont get this at all

Sagot :

Given that,

The value of card starts increasing after 1995. In this question, we have to find the value of card at present (2020).

Initial worth = I = 9.43

Final worth = F = ?

Total years = 2020 - 1995 = 25 years

Increasing rate = r = 1.38

The final worth of a card after 'n' years is calculated as:

F = I * r^n

F = 9.43 * (1.38)^25

F = 9.43 * 3140.34

F = 29613.43

Hence, the value of the card in 2020 would be 29613.43.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.