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VARVARA
2 months ago
5

which expression shows the value of a rare postage stamp, originally purchased for $5000, that has been increasing in value by 1

1% for 10 years
Mathematics
1 answer:
Zina [12.3K]2 months ago
5 0
A = P(1+i)ⁿ, where P represents the initial value, "i" symbolizes the growth rate, n denotes the number of years; A signifies the actual value: A = 5000(1+0.11)¹⁰, which simplifies to A= 5000(1.11)¹⁰, resulting in A = $14,197.1.
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