If the original cost of the jewelry was $1,000 and the rate of appreciation is 6%, what will be the value of the jewelry after 17 years? [round to the nearest dollar.]

The value of the jewelry will be worth $2,693.

Since this is a rate of appreciation, this means the amount is going up. Thus, we can model the equation below:

A = 1000*(1.06)^t

In this equation, t is equal to the number of years since its purchase. Since it is worth 6% more than its original whole version., that is why we pick 1,06. So, we put 17 in for t to find the answer.

A = 1000 * (1.06)^17

A = 1000 * 2.693

A = $2,693

nope.   happens to me as well.

-aparri

t hope this

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