[FONT="][FONT="]A valued painting appreciated by 13% every 10 years. If it’s value in 1990 was $5480 what will its value be in 2020?[/FONT][/FONT]
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[FONT="][FONT="]$5480 x 1.3 x 1.3 x 1.3 = $7907.08[/FONT][/FONT]
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[FONT="][FONT="]What is the 1.3? Or where is this value coming from? Why three times? Is it for each decade? Does the 1.3 correspond to that 13%? Sorry I’m just trying to understand the process and reasoning for future problems. Thanks![/FONT][/FONT]
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[FONT="][FONT="]$5480 x 1.3 x 1.3 x 1.3 = $7907.08[/FONT][/FONT]
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[FONT="][FONT="]What is the 1.3? Or where is this value coming from? Why three times? Is it for each decade? Does the 1.3 correspond to that 13%? Sorry I’m just trying to understand the process and reasoning for future problems. Thanks![/FONT][/FONT]