If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 33PT
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If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

A D 3) Use the situation to answer the question.
If the value of a stock depreciates at 3% a year, what will a $100 investment be worth
in 20 years?
$87.12
$23.61
$54.38
$70.69
Transcribed Image Text:A D 3) Use the situation to answer the question. If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years? $87.12 $23.61 $54.38 $70.69
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