Question

Question 3) Marilyn collects old dolls. She purchases a doll for $450. Research shows this doll's value will increase by 2.5% each year.
Assuming the doll's value will increase the same rate every year, what will be the value of the doll after 20 years, rounded
to the nearest dollar?
be
A
$737
abe
B
$1,125
$9,225
-
arbe
D
S39,031



PLEASE HELP ASAP!!!! WILL MARK AS BRAINLIEST

Answer 1

Answer:

A. $737

Step-by-step explanation:

A= p ( 1±r)^t

A= 450 (1 + .025) ^t

A= 450(1.025)^t

A= 450(1.025)^20

A= 737.38