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7 November, 07:47

The cost of a certain brand of camera has been increasing at 8% per year. If a camera now costs $150, what is the cost?

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  1. 7 November, 08:27
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    X * (1 + 0.08) ^n = 150;

    if n = 1 = > x = 150/1.08 = > x = 138.88 $;

    if n = 2 = > x = 150 / 1.16 = > x = 129.31 $;
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