Question

The item is purchased for 500 and it’s value increased at a rate of 5% per year. Find the value of the item after 4 years

Answer 1

Answer:

600

Step-by-step explanation:

If 5 percent of 500 is 25, and 25 times 4 is 100, we'll be adding 100 to 500 to get 600.

Answer 2

Answer:

$607.75

Step-by-step explanation: