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bella2331
05.05.2020 •
Mathematics
You have inherited land that was purchased for $40,000 in 1990. The value of the land
increased by
approximately 5% per year. Which relationship would represent the value of the land in the
year 2020
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Ответ:
Step-by-step explanation:
Given that the land was purchased for $40,000 in 1990, the initial amount/principal =$40,000
Since its value increases by approximately 5% per year, we can model this growth using the compound interest formula:
P=$40,000, r=5%=0.05, n=2020-1990=30 Years
Therefore, we have the value of the land in 30 years time to be:
Since the options are not available, the relationship which represents the value of the land in the year 2020 is:
Ответ:
x=3
Step-by-step explanation: