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A limited-edition poster increases in value each year with an initial value of $18. After 1 year and an increase of 15%
per year, the poster is worth $20.70. Which equation can be used to find the value, y, after x years? (Round money
values to the nearest penny.)
O y = 18(1.15)
Oy=18(0.15)
Oy=20.7(1.15)*
Oy= 20.7(0.15)

Sagot :

The equation that can be used to find the value of the poster after x years is y = 18(1.15)^x.

What is the equation that can be used to find the future value of the poster?

The formula for calculating future value:

FV = P (1 + r)^n

Where:

  • FV = Future value
  • P = initial value
  • R = rate of increase
  • N = number of years

y =  18(1.15)^x.

To learn more about future value, please check: https://brainly.com/question/18760477

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