Jeremiah owns a modern art painting that is valued at $800. The value of the painting increases by 7% each year. Which equation can be used to find t, the number of years until Jeremiah's painting has a value of $980?

1 answer

The equation that can be used to find t, the number of years until Jeremiah's painting has a value of $980, is:

800(1 + 0.07)^t = 980.