The value of a gold coin picturing the head of the Roman Emperor Marcus Aurelius is increasing at the rate of 11% per year. If t
he coin is worth $115 now, what will it be worth in 11 years? PLEASE HELP!!
1 answer:
To add 11% to an amount means to multiply the amount by 1.11.
You can start with $115 and multiply it by 1.11 eleven times.
A quicker way is to find 1.11^11 and then multiply by $115.
$115 * 1.11^11 = $115 * = 3.151757 = $362.45
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