Question

When Sam was in 7th grade, his aunt gave him a stamp worth $2500. Sam considered selling the stamp, but his aunt told him that, if he saved it, it would increase in value.
When Sam was in 7th grade, his aunt gave him a stamp worth $2500. Sam considered selling the stamp, but his aunt told him that, if he saved it, it would increase in value.

Sam’s Stamp Value at 6%

Make a table showing the value of the stamp each year for the five years after Sam’s aunt gave it to him.

Answer 1

Answer:

1st Year - $2650

2nd Year - $2800

3rd Year - $2950

4th Year - $3100

5th Year - $3250