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


Status: Waiting for your answers.




 
Problem:   A stamp will appreciate in value at a 5.3% rate. Currently, it is worth $0.21. What will be its value in 11 years?

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

A = a(1 + r)t

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