Mr. hong is a rare coin collector he recently bought a coin valued $5400 it has been determined that the coin will increase in value by $30 each month mr Hong plans to sell the coin in 5 years name the quantities that change in this problem

Question

Mathematics

Brady Gaines

23 March, 08:54

Mr. hong is a rare coin collector he recently bought a coin valued $5400 it has been determined that the coin will increase in value by $30 each month mr Hong plans to sell the coin in 5 years name the quantities that change in this problem

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Answers (1)

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Aubrie · Answer 1

Answer:$7,200

Quantities that changed in the problem are

1. The value of the coin

2. The time it took to appreciate to that value

Step-by-step explanation:

Current value = $5,400

Increase in value (monthly) = $30

In 5 years time, the value would increase by

(12*5) * $30 = $1800

Value in five years = current value + increase in value

Value in five years = $5400 + $1800

Value in five years = $7,200