An original signature of supermodel Jill Fisher appreciates in value 7% every year. How much was it worth in 2000 if it is worth $80,000 in 2016?

Question

This is about exponential growth and decay problem. thank you

Answer 1

x(1.07)^16 = 80000

solve for x, the original value

Answer 2

so the answer will be 72,429?

Answer 3

or will be 4,673?

Answer 4

Will be 27,099

Answer 5

yes, your last one of $27,099 is correct