JizelleA455157 JizelleA455157

30-10-2022
Mathematics

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Joshua's Babe Ruth baseball card is worth 500,000. If the value continues to grow by 2% each year, how much will the card be worth in 5 years?

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HarlinV149401 HarlinV149401

30-10-2022

We will first calculate the interest;

[tex]I=\frac{P\times R\times T}{100}[/tex][tex]=\frac{500000\times2\times5}{100}[/tex][tex]=50000[/tex]

The value worth after 5 years = 500000+50000 = 550 000

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