mathematics

posted by .

Mri.Williams bought a plot of land for $4o,oo. The value of the land was appreciated by 7% each year. Calculate the value of the land after a period of two years.

  • mathematics -

    (1.07)^2 x 40,000 = $45,796.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. SIMPLE INTREST!

    Kenneth recentley started a new job. his starting gross monthly salary was 3200. Each year on the anniversary of his starting date, kenneth is promised a 7% raise. If keneth works for 5 years what was his gross annual income in his …
  2. maths

    mr williams bought a plot of land for $40000. the vale of the land appreciated by 7% each year. calculate the value of the land after a period of two years.
  3. math

    Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?
  4. pre cal

    Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?
  5. pre cal

    Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?
  6. pre cal

    Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?
  7. math

    Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?
  8. Finance

    Calculate the project’s initial Time 0 cash flow, taking into account all side effects.?
  9. calculus

    It is estimated that t years from now, the value of a small piece of land, V(t), will be increasing at a rate of 1.6t^3/(0.2t^4+8100)^(1/2)dollars per year. The land is currently worth $420. Find V(t) and also find the value of the …
  10. math

    a plot of land is bought for $40000 and is appreciated by 7% each year what is the value of the land after a period of two years

More Similar Questions