You collect model cars. One particular model increases in value at a rate of 5% per year. Today, the model is worth $29.50. How much additional money can you make if you wait ten years to sell the model rather than selling it five years from now?
A) $9.98
B) $10.40
C) $10.86
D) $11.03
E) $11.24

Question

Quizplus · Accepted Answer

The Answer of You collect model cars. One particular model increases in value at a rate of 5% per year. Today, the model is worth $29.50. How much additional money can you make if you wait ten years to sell the model rather than selling it five years from now?
A) $9.98
B) $10.40
C) $10.86
D) $11.03
E) $11.24

You Collect Model Cars