The price of a new Ford F-150 has increased by 6.5% this year. If the price was 27,000 last year, which expression cannot be used to calculate the price of the new Ford this year

Future value A = P (1+r) ^ (t)

A = 27000 (1+0.065) ^1

A = 27000 (1.065)

A = 28755 units

Corrected question;

The price of a new Ford F-150 has increased by 6.5% this year. If the price was 27,000 last year, which expression can be used to calculate the price of the new Ford this year

Step-by-step explanation:

Applying the future value formula;

A = P (1+r) ^ (t) ... 1

Where;

A = final amount/value

P = initial amount/value (principal)

r = rate yearly

t = time in years

Given;

P = 27,000

r = 6.5% = 0.065

t = 1 year

Substituting the given values;

So A = 27000 (1+0.065) ^1

A = 27000 (1.065)

A = 28755 units