Question

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?
answer attempt 1 out of 2
v = 140(0.85)²
v = 140(0.15)²
v = 140(1 - 0.15)²
v = 140(1 + 0.15)²

Explanation:

Step1: Identify appreciation formula

Appreciation formula: \( V = P(1 + r)^t \), where \( P = 140 \), \( r = 0.15 \), \( t = 2 \)

Step2: Substitute values

\( V = 140(1 + 0.15)^2 \)

Answer:

V = 140(1 + 0.15)²