Juan purchased an antique that had a value of   at the time of purchase. Each year, the value of the antique is estimated to increase   over its value the previous year. The estimated value of the antique, in dollars, 2 years after purchase can be represented by the expression 200a,where a is a constant what is the value of a?

The correct answer is: a = 1.21.

Explanation:

• • We have given an antique that had a value of   at the time of purchase. Each year, the value of the antique is estimated to increase  over its value the previous year. The estimated value of the antique, in dollars, 2 years after purchase can be represented by the expression

We have to find the value of
Step 1 of 1:
The initial price of the antiques was
Since the value increases exponentially each year by or
In t years the initial value,  increased by

When t=2



Final answer:
The value of .a =1.21