Question

Every year the value of an antique vase appreciates by 20% of its value in the previous year. If the value of the vase was $180 000 in 2012, find its value in 2010
Please tell the answer with explanation

Answer 1

Step-by-step explanation:

let the value of antique in 2010 be p

the value of antique in 2012 is 180000

a/q

A= p(1+r/100)ⁿ

180000= p(1+20/100)²

180000= p(1+1/5)²

180000= p(6/5)²

180000= p× 36/25

5000=p/25

125000=p

hence the price of antique

in 2010 was 125000

.....666.....