Wednesday
November 26, 2014

Homework Help: math

Posted by Daniel on Sunday, April 7, 2013 at 12:43am.

An antique dresser was purchased for $7500 in 2005. The dresser increases in value by 9% per year. Find the value of the dresser in 2025.

So i thought it would be :
A = 7500(1+0.09)^(20)
A = 42033...

However I have been told it could be:

Value = 7500 + 7500*0.09*20 = $21,000

Which is the correct method?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - 1) An antique dresser was purchased for $7500 in 2005. The dresser ...
math - Cassandra bought a dresser for $500. If the value of the dresser ...
algebra - Cassandra bought an antique dresser for $500. If the value of her ...
Math - A dresser needs to be placed in an alcove which is 42 1/8 in high. The ...
math - . The top of a dresser is 33/ 4 feet from an 8-foot ceiling. Which of the...
Math help plz - Dresser is 3 3/4 feet from 8 foot ceiling .what height of ...
math - The carpenter wants to make a dresser based on the dollhouse furniture. ...
Pre-Algebra - problem: Dena borrowed $7500 to buy a used car. The credit union ...
math - ms sue for my question before i mean how much is the dresser in 3 years?
Math - Real Estate an office building purchased for $1, 200,000 is appreciating ...

Search
Members