Question

Vani has a collection of vintage action figures that is worth $140. If the collection
appreciates at a rate of 15% per year, which equation represents the value of the
collection after 2 years?
OV = 140(0.85)
Submit Answer
O V = 140(0.15)
V = 140(1 - 0.15)2
V = 140(1 + 0.15)?

Answer 1

The equation represents the value of the collection after 2 years is V = 140(1 + 0.15)^2.

What equation represents the value of the collection?

When the value of an asset appreciates,it means that the price of the item increases with the passage of time.

The formula for calculating future value with appreciation is:

FV = P (1 + r)^n

• FV = Future value
• P = Present value
• R = interest rate
• N = number of years

V = 140(1 + 0.15)^2.

To learn more about future value, please check: https://brainly.com/question/18760477