The cost of a certain brand of camera has been increasing at 8% per year. If a camera now costs $150, what will be the cost next year?

x*(1 + 0.08)^n = 150;
if n = 1 => x = 150/1.08 => x = 138.88 x = 150/ 1.16 => x = 129.31"> ; i f n = 2 => x = 150/1.16 => x = 129.31 ;

Answered by crisforp | 2024-06-10

Next year, the cost of the camera will be $162 after an 8% increase from its current price of $150. This is calculated by finding 8% of $150 and adding that to the current price. The increase amounts to $12, leading to the new price.
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Answered by Anonymous | 2024-09-30