Problema Solution
a rare and new $2 coin has been projected to appreciate at 33% per year. after how many years will the coin be worth $50.
Answer provided by our tutors
the price of it is $2 assume that after X years it will be worth $50
$50 = $2*(1+33%)x
(1+33%)x = $25
1.33x = $25
x = 11.3years