The value of an antique is estimated to increase by $k$% per year. Given that its value at the beg

Question

The value of an antique is estimated to increase by $k$% per year. Given that its value at the beginning of $2017$ was $\$20\ 000$. The value $V$, after $t$ years, can be modelled by $V = A(1.11)^t$. State the value of $A$ and of $k$.[2] Calculate the year when its estimated value will first reach $\$190\ 000$.[2]

Accepted Answer

$x = 20 m, Maximum area \approx 770 m^2$

2022 SGSS AM S4 P1 Q2 (b)

2022 SGSS AM S4 P1 Q2 (b)

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