The value of the campsite has increased exponentially by $$\(1.5 \%\)$$ every year since it opened 30 years ago. Calculate the value of the campsite now as a percentage of its value 30 years ago. ......................................... $$\(\%\)$$

Mathematics
IGCSE&ALevel
CAIE
Exam No:0580_s20_qp_43 Year:2020 Question No:1(e)

Answer:

156 or \(156.3 \ldots\)

Knowledge points:

E1.17 Use exponential growth and decay in relation to population and finance. (e.g. depreciation, growth of bacteria.)

Solution:

Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Android
Download
Google Play
Download