Question

Marvin has a vintage comic book worth $351. According to a dealer, the value of this particular comic book will increase by 12.1% each year. How much will the comic book be worth in 13 years?
If necessary, round your answer to the nearest cent.

Answer 1

y = 12.1% x 13 + 351
y= 0.012 x 13 + 351
y= 1.573 + 351
y= 352.573 or $352.6