math
posted by renee on .
Cassandra bought a dresser for $500. If the value of the dresser increases 6% annually, what will be the value of Cass's dresser at the end of 3 years to the nearest dollar?

500 * 1.06 = 530 >> end of year 1
530 * 1.06 = 561.80 >> end of year 2
?? >>> end of year 3 
i mean how much will the dresser cost in 3 years?

Follow the same pattern I showed you to find its value in three years.

where does the 1.06 come from?

where does 1.06 come from