Homework Help: Alg2

Posted by Rock on Tuesday, December 13, 2011 at 8:17pm.

Please Help...
You buy a commemorative coin for $25. The value of the coin increases 3.25% per year. How much will the coin be worth in 15 years? Round to the nearest cent.

Alg2 - Reiny, Tuesday, December 13, 2011 at 8:57pm
what is 25(1.0325)^15 ?
Alg2 - Rock, Tuesday, December 13, 2011 at 9:37pm
387.187
Alg2 - Reiny, Wednesday, December 14, 2011 at 8:33am
no,,,,
25(1.0325)^15
= 25(1.61566..
=40.39

Answer this Question

Related Questions

Alg2 - Help...Please... You buy a commemorative coin for $25. The value of the ...
Alg 2 - Please Help... You buy a commemorative coin for $25. The value of the ...
MATH - 24 1c coins are set out in a row on a table. Then every 2nd coin is ...
MATH - Coin box Question: Assume that there are 25 pennies, 10 nickels, 10 dimes...
Statistics - Coin box Question: Assume that there are 25 pennies, 10 nickels, 10...
Stat - Coin box Question: Assume that there are 25 pennies, 10 nickels, 10 dimes...
geometry - In a game show, the prize is the amount of revolutions a coin would ...
physics - A coin is placed on a vinyl stereo record that is making 33 1/3 ...
physics - a coin placed on a disc rotates with speed of 33 1/3 rev. per minute ...
Momentum - A 6.0 g coin moving to the right at 21.0 cm/s makes an elastic head-...

For Further Reading

First Name:
School Subject:
Answer: