Status: Waiting for your answers. Problem: A relic will appreciate in value at a 1.1% annual rate. Currently, it is worth $11000. When will its value be $23100? Calculate the time (to the nearest tenth in years) by using this formula.A = a(1 + r)t Solution: = ( 1 + )t = ( )t = ( )t log = t ≈ t
Calculate the time (to the nearest tenth in years) by using this formula.