# Alg2

posted by Rock

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.

1. Reiny

what is 25(1.0325)^15 ?

2. Rock

387.187

3. Reiny

no,,,,
25(1.0325)^15
= 25(1.61566..
=40.39

## Similar Questions

1. ### MATH

24 1c coins are set out in a row on a table. Then every 2nd coin is replaced by a 2c coin every 3rd coin is replaced by a 5c coin every 4th coin is replaced by a 10c coin every 5th coin is replaced by a 20c coin every 6th coin is replaced …
2. ### Alg2

Help...Please... 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?
3. ### Alg 2

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?
4. ### MATHS

24 1c coins are set out in a row on a table Then every 2nd coin is replaced by a 2c coin every 3rd coin is replaced by a 5c coin every 4th coin is replaced by a 10c coin every 5th coin is replaced by a 20c coin every 6th coin is replaced …
5. ### math

Using pennies, nickels, dimes or quarters, determine which kind of coin is in each circle in the answer Colum. First clue: The total value of the four coins is an odd number. Second clue: The sum of the value of the middle 2 coins …
6. ### physics

Ten ,one rupees coin are put on the top of at each other on a table each coin has a mass 'm' give the magnitudes and direction of - 1. The force of seventh coin (counted from bottom) due to all the coins. 2. The reaction of 6th coin …
7. ### physics

Ten , one rupees coin are put on the top at of each other on a table. Each coin has a mass 'm'. Give the magnitude and direction of - (1)- The force of 7th coin (counted from bottom) due to all coins on its top. (2)- The force of 7th …
8. ### chemistry

A coin dealer offers to sell you an ancient nickel coin that is 3.1 cm in diameter and 4.65 mm in thickness. A) The density of nickel is 8.9 g/cm3. How much should the coin weigh if it is pure nickel?
9. ### MATH

A BAG CONTAINS COIN OF RS.5&RS.2. THE TOTAL VALUE OF THESE COIN IS 1272.IF THE NO. OF 2 RS. COIN IS 15% OF THE 5 RS. COIN, FIND THE NO. OF COIN EACH.
10. ### Math

A person wants to buy a rare coin because he believes it will increase in value within a year. He plans to get a loan to buy the coin, at 5.7% compounded monthly. He plans to make to make a single payment of \$3500 at the end of 5 years. …

More Similar Questions