Calculating Value Over Time
View the Lesson | MATHguide homepage Updated December 6th, 2017


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Problem:   A precious metal will appreciate in value at a 2.6% rate. Currently, it is worth $300. What will be its value in 6 years?

  Calculate the value (to the nearest penny) by using this formula.

A = a(1 + r)t

 
Solution:  
A = (1 + )
 
A = ( )
 
A =